Fed chair says Trump tariffs will likely raise inflation, slow economy
U.S. Fed Chair Jerome Powell says the Trump administration's expansive new tariffs will likely lead to higher inflation and slower growth.
Inflation
Powell on higher inflation, slower growth
Federal Reserve Chair Jerome Powell said higher inflation and slower growth are more likely as more details emerge about President Trump's tariffs. CBS News contributor Javier E. David has more.
Which products will be affected by new tariffs announced by Trump?
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
What to know about Trump's latest tariffs
After much anticipation and intrigue, President Trump has finally unveiled his plan for sweeping reciprocal tariffs. He announced that goods from every nation the U.S. trades with will be subject to import taxes. He and his supporters argue the move will help bring manufacturing back to the U.S. CBS News' Kelly O'Grady, Olivia Rinaldi, Caitlin Huey-Burns and Lana Zak break it all down.
What do Americans think of Trump's tariffs?
One of President Trump's biggest topics on the campaign trail was the economy, but economists worry about the effects of his latest round of tariffs. CBS News executive director of elections and surveys Anthony Salvanto has a look at how Americans are feeling so far about Mr. Trump and the economy.
Will Trump tariffs trigger backlash?
President Trump promised to bring down prices on the campaign trail, but economists say his tariffs could raise them. Political strategists Joel Payne and Kevin Sheridan join "America Decides" to examine the potential political ramifications.
Details on Trump's sweeping new tariffs
President Trump declared a national emergency on Wednesday, giving him the power to regulate imports and impose a baseline tariff of 10% on all countries with specific reciprocal tariffs on what he calls the "worst offenders." CBS News' Weijia Jiang and Jo Ling Kent have more.
Possible economic impact of new Trump tariffs
President Trump unveiled sweeping new global tariffs Wednesday despite warnings from economists that the move could cause prices to rise across the U.S. Nancy Cook, senior national political correspondent for Bloomberg News, and Courtenay Brown, economics reporter for Axios, join "America Decides" to discuss.
Key takeaways from Trump tariff announcement
President Trump announced on Wednesday a 10% tariff on all countries and additional reciprocal tariffs on the "worst offenders." CBS News' Weijia Jiang, Kelly O'Grady, Jo Ling Kent and Margaret Brennan break down the unveiling and its likely impact.
How inflation is changing Americans' dining habits
Hooters is the latest casual restaurant chain to file for bankruptcy. Inflation has Americans changing their dining habits. Kelly O'Grady explains.
What to know about Trump's incoming tariffs?
President Trump is set to unveil his long-awaited plan for broad reciprocal tariffs against other nations on Tuesday, but details on them are still slim. CBS News' Olivia Rinaldi and Kelly O'Grady report.
Americans feeling impact of Trump's trade war
President Trump's trade war is already being felt in the heartland. Americans feeling the crunch are concerned that tariffs could stretch thin budgets even thinner. Lana Zak reports.
Wall Street reacts to Trump tariffs
President Donald Trump's tariff plans and worsening inflation data has investors on edge. Wall Street suffered a steep sell-off on Friday, with the three major indexes all down sharply. While heading to Mar-a-Lago this weekend, Trump said he is open to carving out deals with countries looking to avoid tariffs, but that likely won't happen until after they are set to begin on Wednesday.
Where the economy is headed amid tariff impact
Wall Street's decline fueled by inflation worries and the impact of tariffs likely won't be short-lived as wider reciprocal import taxes are set to go into effect next week. Consumer confidence along with spending aren't faring much better. Jo Ling Kent joins to discuss.
Trump tariffs could impact wedding costs
Peak wedding season officially kicks off next week. The average wedding in the U.S. costs over $30,000 and event planners are warning that prices could go up from President Trump's new tariffs. CBS News MoneyWatch correspondent Nancy Chen reports.
Markets plummet over inflation, tariff fears
The markets ended the week with a significant sell-off amid concerns over President Trump's incoming tariffs and inflation. MarketWatch markets reporter Isabel Wang joins "The Daily Report" to discuss.
Could abundance politics fix key U.S. issues?
The U.S. is grappling with a wide range of critical issues brought about by what it lacks, including workers, housing and clean energy infrastructure. A new book argues the U.S. can rectify its major problems by renewing a so-called "politics of abundance." One of its authors, The Atlantic's Derek Thompson, joins "America Decides" to explain.
Stocks plunge after new inflation data
Stocks are dropping ahead of the weekend as new data signals inflation remains stubborn. This comes as investors remain uncertain over tariffs and the future of the U.S. economy. Paul La Monica, a senior markets analysis writer at Barron's, joins CBS News with more.
Stock market suffers another wipeout over inflation and tariff fears
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
New data on inflation, U.S. economy
New economic data shows Americans remain concerned over inflation and they are making cautious decisions with money. CBS News' Jill Schlesinger reports.
New poll on feelings about the economy
A majority of Americans are not feeling great about the economy, according to a new CBS News poll revealing 60% of participants said the economy was "bad." CBS News' Anthony Salvanto has more.
PCE report shows core inflation picked up last month. What to know.
A closely watched measure of inflation shows that prices excluding fuel and food ticked up in February. Here's what to know.
Poll: Economic outlook grows more pessimistic
A new CBS News poll finds that Americans' economic outlook has grown slightly more pessimistic in the past month. High prices are weighing on people, with most saying they're on the rise. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Consumer confidence falls to 12-year low as Americans fret over economy
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
Trump threatens Venezuelan oil importers
President Trump said the U.S. will place a 25% tariff on imports from all countries that buy oil or gas from Venezuela. According to Rystad Energy, a research and consulting firm, China and the U.S. have been the top buyers of Venezuelan oil in recent months. CBS News contributor Javier David has more on what this means.
Live
Pentagon says about 140 U.S. service members wounded since Iran war began
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
Exclusive
Pentagon memo orders commanders to remove Anthropic from key systems
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Iran signaling it may deploy mines to disrupt Strait of Hormuz, U.S. sources say
Iran is using smaller crafts to lay mines in the Strait of Hormuz, two U.S. officials said.
Exclusive
DOJ's Alex Pretti probe excludes prosecutors who specialize in civil rights, sources say
Rank-and-file career prosecutors in the Justice Department's Civil Rights Division cases are not involved in investigating Alex Pretti's shooting death by federal agents, CBS News has learned, in a stark departure from historical practice.
Exclusive
Video appears to show bomb suspect purchasing fuse at fireworks store
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
Bam Adebayo passes Kobe Bryant for 2nd-most points in single NBA game
Bam Adebayo scored 83 points, the second-most in a game in NBA history, and set records for most free throws taken and made on Tuesday.
Exclusive
TSA absences at airports double during shutdown, 300 officers quit
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
Fuller, Harris head to Georgia runoff, CBS News projects
Shawn Harris and Clayton Fuller advance to a runoff election to fill Marjorie Taylor Greene's seat.
U.S.
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Suspected tornadoes damage homes and knock down trees, power lines in Illinois, Indiana
Officials say a large tornado south of Chicago downed trees and power lines and overwhelmed the 911 center with emergency calls.
Bam Adebayo passes Kobe Bryant for 2nd-most points in single NBA game
Bam Adebayo scored 83 points, the second-most in a game in NBA history, and set records for most free throws taken and made on Tuesday.
Jan. 6 police responders ask judge to let lawsuit over plaque in Capitol proceed
Former Capitol Police Officer Harry Dunn and D.C. Police Officer Danny Hodges argue the installation of a commemorative Jan. 6 plaque in a low-visibility spot in the U.S. Capitol violates the law.
Exclusive
Video appears to show bomb suspect purchasing fuse at fireworks store
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
Exclusive
TSA absences at airports double during shutdown, 300 officers quit
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
MoneyWatch
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Can the president bring down gas prices? 5 options available to Trump.
Gas prices in the U.S. have surged roughly 20% since the attack on Iran. Read on to see what measures the Trump administration could take to offer relief.
Oil prices are falling — gas prices aren't. Here's why.
Even if oil prices ease, they won't return to the levels they were at before the war started, according to Patrick De Haan of GasBuddy.
Could tapping the Strategic Petroleum Reserve lower gas prices?
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
JetBlue ground stop lifted soon after it began
Shortly after all JetBlue flights were grounded by the FAA due to what the agency said was a JetBlue request, the carrier said it had resumed operations.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Politics
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Fuller, Harris head to Georgia runoff, CBS News projects
Trump-backed Clayton Fuller and Shawn Harris advance to a runoff election to fill Marjorie Taylor Greene's seat.
Jan. 6 police responders ask judge to let lawsuit over plaque in Capitol proceed
Former Capitol Police Officer Harry Dunn and D.C. Police Officer Danny Hodges argue the installation of a commemorative Jan. 6 plaque in a low-visibility spot in the U.S. Capitol violates the law.
Exclusive
Pentagon memo orders commanders to remove Anthropic from key systems
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
Voting ends in Georgia special election to replace Marjorie Taylor Greene
Voters in northwest Georgia headed to the polls all day to have their say in who will replace Marjorie Taylor Greene in Congress.
Exclusive
TSA absences at airports double during shutdown, 300 officers quit
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
HealthWatch
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Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
Baby sleepsuit sold at Walmart recalled over potential choking hazard
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
A Pilates teacher thought she had the flu. Doctors found aggressive cancer
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
World
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At least 6 killed in bus fire that may have been "deliberate," Swiss police say
Police are investigating after a fire on a regional bus in Kerzers, west of Switzerland's capital, killed at least six people.
White House aware of Gulf countries' fears about interceptor shortage, sources say
The Gulf states have said they're running dangerously low on missile interceptors and have asked the U.S. to expedite new supplies, CBS News previously reported.
Iran signaling it may deploy mines to disrupt Strait of Hormuz, U.S. sources say
Iran is using smaller crafts to lay mines in the Strait of Hormuz, two U.S. officials said.
How the Iran war reached Europe, via the small, divided island of Cyprus
When it comes to European Union territory, you can't go much further east than Cyprus. So far east, in fact, that it's within reach of Iran's weapons.
Team USA's Oksana Masters wins 11th Paralympic gold medal
The most decorated American Winter Paralympian had her left leg amputated at age 9 and her right leg amputated at age 14.
Entertainment
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Entertainment
Dorrance on preserving tap dancing history
American tap dancer Michelle Dorrance talks to CBS News chief medical correspondent Jon LaPook about Brenda Bufalino's impact and preserving the 88-year-old's artistry for future generations in a project at the New York Public Library for the Performing Arts.
Brenda Bufalino on evolution of tap dancing
American tap dancer Brenda Bufalino talks to CBS News chief medical correspondent Jon LaPook about the many ebbs and flows of the art form and reflects on her career.
Michelle Pfeiffer on "The Madison" series
Michelle Pfeiffer talks with "CBS Mornings" about starring alongside Kurt Russell in "The Madison." She describes how she decided to take on the character and explains after decades in the entertainment industry why she still gets nervous in new roles.
Details on Live Nation's settlement with DOJ
Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.
Latest on shots fired at Rihanna's home
A woman has been arrested for allegedly firing several shots Sunday at the Beverly Hills home of pop music star Rihanna. CBS News Los Angeles' Tina Patel reports.
Technology
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Exclusive
Pentagon memo orders commanders to remove Anthropic from key systems
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
The evolution of Apple over 50 years
David Pogue, an author and correspondent for "CBS Sunday Morning," talks about covering the rise of Apple over his career as the company is set to turn 50 next month, and his new book, "Apple: The First 50 Years."
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Overusing artificial intelligence can give workers "AI brain fry," study finds
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
Apple turns 50, in a world it helped create
David Pogue, author of "Apple: The First 50 Years," talks with Apple's co-founder Steve Wozniak, CEO Tim Cook, and others about the vision of Steve Jobs, and how the company's products and services have reshaped life, technology and culture in the 21st century.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Crime
New details about ISIS-inspired attack
New video has emerged of fuses being bought at a Pennsylvania fireworks store by one of the suspects accused of throwing explosive devices outside the New York City mayoral residence. CBS News national correspondent Jericka Duncan has more.
Exclusive
Video appears to show bomb suspect purchasing fuse at fireworks store
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
No harmful substances in NYC suspicious package
New York City police have given the all clear after concluding a suspicious package found near Gracie Mansion, the official residence of Mayor Zohran Mamdani, was harmless.
Shots fired at U.S. consulate in Toronto
Shots were fired outside of the U.S. consulate in Toronto, Canada, early Tuesday morning, police said. CBS News' Shanelle Kaul has more.
Suspicious package near NYC mayor's residence
There is a heavy police presence near New York City's Gracie Mansion, the official residence of New York City Mayor Zohran Mamdani, as officials investigate a suspicious package found in the area. CBS News' Shanelle Kaul has more.
Space
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1,300-pound NASA satellite set to crash down to Earth
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Safety concerns over NASA's Artemis program
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Debate on tapping Strategic Petroleum Reserve
With oil exports through the Strait of Hormuz halted, the International Energy Agency is meeting with G7 countries about whether they should tap their strategic petroleum reserves. CBS News reporter Kati Weis is following the debate.
Red flags for hospice fraud across Los Angeles
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing. Adam Yamaguchi reports.
Suspect in shooting at Rihanna's home in court
A woman accused of firing multiple high-powered rounds from an assault rifle at the home of Rihanna appeared in court Tuesday, initially entering a not guilty plea before withdrawing it. The arraignment was eventually postponed. Carter Evans reports.
3/10: The Takeout with Major Garrett
War continues in Iran as Defense Secretary Pete Hegseth promises "most intense day of strikes"; costs of war's first days revealed.
What happened with Iranian women's soccer team
Five members of the Iranian national women's soccer team sought asylum in Australia after refusing to sing Iran's national anthem before a match. Elizabeth Palmer has details.