Fed Chair Jerome Powell signals path to rate cuts at Jackson Hole
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Interest Rates
Fed Chair Powell faces delicate balancing act in Jackson Hole speech
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Powell addressing Jackson Hole forum
Federal Reserve Chair Jerome Powell is preparing to address the annual Jackson Hole, Wyoming, economic forum as the Trump administration pushes for an interest rate cut in September. Bill Watts, a markets editor for MarketWatch, joins CBS News with more.
Key takeaways from July's inflation report
Inflation in July rose 2.7% on an annual basis, which was slightly less than economists had forecast, according to a report released Tuesday. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.
Top Trump economic adviser on new tariffs
President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
Trump announces South Korea deal
President Trump announced a trade deal with South Korea as his Aug. 1 tariff deadline approaches. This comes as he comments on Federal Reserve Chair Jerome Powell's latest decision on interest rates. CBS News' Natalie Brand reports, and BankAlliance's Lori Bettinger has more on the U.S. economy.
Why did Fed keep interest rates steady again?
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
Federal Reserve holds its benchmark rate steady at today's FOMC meeting
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
Interest rates remain unchanged: What to know
President Trump spent the day hailing new GDP numbers that showed stronger than expected economic growth over the past three months. But at the Federal Reserve, Chair Jerome Powell pointed to Mr. Trump's tariffs as he announced the central bank would leave interest rates unchanged. Nancy Cordes reports.
Trump adviser Peter Navarro on interest rates
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
Powell cautious on possible September cut
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed leaves interest rates unchanged again
The Federal Reserve maintained its benchmark interest rate at Wednesday's Federal Open Market Committee meeting. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
Is the Fed likely to finally cut interest rates at this week's meeting?
President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at today's monetary policy meeting.
Expectations for July interest rate decision
The Federal Reserve is set to announce its July interest rate decision on Wednesday. CBS News business contributor Javier David has more details on what to expect.
Breaking down July's consumer confidence rise
New numbers show Americans have a slightly more positive outlook on the economy. The Consumer Confidence Index rose two points in July compared to June. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Federal Reserve kicks off two-day meeting
The Federal Reserve is kicking off meetings as a decision over interest rates is expected. President Trump has urged Fed chair Jerome Powell to apply a cut. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Breaking down new economic data
Consumers might be feeling more optimistic about the economy, new consumer confidence index data shows. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Investors await key economic data
Investors are awaiting the release of key second-quarter data and the Federal Reserve's next decision on interest rates as President Trump's Aug. 1 tariff deadline looms. CBS News business contributor Javier David has more on what to expect.
Powell disagrees with Trump about cost of changes to Fed construction
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
Trump, Powell meet amid tensions
President Trump toured the Federal Reserve building today alongside Federal Reserve Chair Jerome Powell. The visit comes as tensions run high between the two men. The president has repeatedly criticized Powell for not lowering interest rates and for the high cost of ongoing renovations. CBS News White House reporter Aaron Navarro has more.
Takeaways from Trump's Federal Reserve tour
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Johnson on Trump potentially firing Powell
House Speaker Mike Johnson told CBS News chief Washington correspondent Major Garrett that he understood President Trump's frustration with Federal Reserve Chairman Jerome Powell, adding that it's going to be "a rocky road" for the Fed chair between now and the end of his term in May 2026. CBS News MoneyWatch correspondent Kelly O'Grady and Barron's senior writer Martin Baccardax join with analysis.
Trump, Powell argue over Fed renovation costs
President Trump toured renovations at the Federal Reserve headquarters with Chair Jerome Powell on Thursday. The visit comes amid the president's criticism of Powell over the central bank holding interest rates steady. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed chair speaks at Large Banks Conference
Federal Reserve Chair Jerome Powell spoke at the Large Banks Conference in Washington, D.C. on Tuesday amid criticism from President Trump. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Congresswoman refers Fed Chair Powell to DOJ
As tensions remain high between the White House and the central bank, a Republican congresswoman is hitting Federal Reserve Chair Jerome Powell with a criminal referral to the Justice Department. CBS News MoneyWatch correspondent Kelly O'Grady joins to examine the disconnect between the Trump administration and the Fed.
Live
Trump says U.S. will continue blockade after Iran says strait "completely open"
President Trump has welcomed Iran's announcement that the Strait of Hormuz is "completely open" to all ships.
Exclusive
CBS News took a boat into the Strait of Hormuz. Here's what we saw.
Reporters from CBS News carefully arranged a risky trip into the Strait of Hormuz. Here's what they saw.
Trump says Iranians have "agreed to everything," including removal of enriched uranium
President Trump spoke with CBS News Friday in a new telephone interview.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
U.S. delegation visited Cuba last week as Trump heaped pressure on island
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
Lead prosecutor on probe into John Brennan is removed from case, sources say
Maria Medetis Long, who was overseeing a criminal investigation into whether former CIA Director John Brennan lied to Congress is no longer assigned to the case.
Thomas, Alito not planning to retire from Supreme Court this year, sources say
Sources close to Supreme Court Justices Samuel Alito and Clarence Thomas tell CBS News neither is planning to retire this year.
Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Cuban man dies in ICE custody in Miami after apparent suicide attempt, agency says
A 27-year-old Cuban man died in ICE custody in Miami after an apparent suicide attempt, the agency said, adding to a string of recent detainee deaths locally and nationwide.
U.S.
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Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
Reported tornado in Lena, Illinois, causes major damage; town is shut down
A reported tornado in Lena, Illinois, about 47 miles west of Rockford, has caused extensive storm damage, including possibly to schools that had students inside at the time.
Spirit Airlines reached out to Trump administration for emergency bailout
Spirit executives and other low-cost carriers are expected to meet with Transportation Secretary Sean Duffy next week.
Airlines cut routes in response to rising jet fuel costs amid Iran war
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
MoneyWatch
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Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Airlines cut routes in response to rising jet fuel costs amid Iran war
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Oil prices plummet after Iran says Strait of Hormuz is "completely open"
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Here's who is spending money on AI subscriptions, and how much they cost
Households are starting to make room in their budgets for spending on generative AI subscriptions, new data shows.
Ford recalls nearly 1.4 million pickup trucks due to gearshift issue
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
Politics
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Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
U.S. delegation visited Cuba last week as Trump heaped pressure on island
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
Thomas, Alito not planning to retire from Supreme Court this year, sources say
Sources close to Supreme Court Justices Samuel Alito and Clarence Thomas tell CBS News neither is planning to retire this year.
Lead prosecutor on probe into John Brennan is removed from case, sources say
Maria Medetis Long, who was overseeing a criminal investigation into whether former CIA Director John Brennan lied to Congress is no longer assigned to the case.
HealthWatch
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HealthWatch
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
RFK Jr. defends proposed 12% health budget cut, measles response in House testimony
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
Trump announces he's nominating Dr. Erica Schwartz for CDC director
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
Exclusive
Trump to sign executive order on psychedelic drug used abroad to treat PTSD
Ibogaine is used in Mexico and the Caribbean to treat depression, anxiety, addiction and brain trauma.
As U.S. birth rate falls, Trump officials downplay contraception in Title X program
According to new CDC data, there were 3.6 million U.S. births in 2025, a 1% decline from 2024 and down 23% since 2007. The Trump administration has said it wants to reverse this trend.
World
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U.S. delegation visited Cuba last week as Trump heaped pressure on island
A delegation of senior State Department representatives traveled to Cuba via a U.S. government plane last week, officials said, a diplomatic opening amid intense pressure from the Trump administration.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
Trump says Iranians have "agreed to everything," including removal of enriched uranium
President Trump spoke with CBS News Friday in a new telephone interview.
U.S. could send senior officials back to Pakistan for Iran talks within days, sources say
The Trump administration is considering a renewed diplomatic push that could send officials back to Pakistan within days, sources said.
Exclusive
CBS News took a boat into the Strait of Hormuz. Here's what we saw.
Reporters from CBS News carefully arranged a risky trip into the Strait of Hormuz. Here's what they saw.
Entertainment
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Entertainment
What we know about d4vd's arrest
David Burke, a singer who performs under the name d4vd, is behind bars on suspicion of murder. He was arrested after the body of a 14-year-old girl was found in the trunk of his Tesla in September 2025. Matt Gutman reports.
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
Surprise twist in "Survivor 50" elimination
(Warning: Spoilers ahead!) "CBS Mornings" reveals a surprising twist in Wednesday's "Survivor 50" episode that led to a historic trial council ceremony.
More on Live Nation, Ticketmaster ruling
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
Simon Helberg on "The Audacity"
Simon Helberg, known for his role as Howard in "The Big Bang Theory," talks about the new show "The Audacity." Helberg plays a developer who is creating an AI companion. He explains what drew him to the role and discusses the show's messages about humanity and technology.
Technology
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Technology
Experts have warning for AI-generated podcasts
Millions of Americans get health information from podcasts. Now, some medical experts are warning about the harmful impacts of misinformation on these programs. CBS News medical contributor Dr. Céline Gounder has more.
AI "agents" can do your shopping. Should you let them?
Big retailers are embracing agentic commerce as a new way to shop. But you should think twice before handing over your credit card, tech experts say.
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.
AI version of Val Kilmer to star in new movie
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
Key takeaways on Anthropic's new AI model
More concerns are emerging about Anthropic's new Mythos AI model. Matt Shumer, a former AI company founder and CEO, joins CBS News with more details.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Crime
What we know about d4vd's arrest
David Burke, a singer who performs under the name d4vd, is behind bars on suspicion of murder. He was arrested after the body of a 14-year-old girl was found in the trunk of his Tesla in September 2025. Matt Gutman reports.
Why Todd Lyons is leaving his ICE role
Acting head of U.S. Immigration and Customs Enforcement Todd Lyons is planning to leave his post soon, U.S. officials familiar with his plan told CBS News. Camilo Montoya-Galvez reports.
ICE agent faces assault charges
Immigration and Customs Enforcement agent Gregory Morgan Jr. of Temple Hills, Maryland, is facing assault charges for allegedly pointing a gun at two people in Minnesota. CBS News' Jonah Kaplan reports.
Activist recalls surviving assassination attempt caught on video
An environmentalist who survived an assassination attempt spoke during the presentation of a report that documented the killing of 10 activists in Mexico in 2025.
Gallego reacts to misconduct allegations
Arizona Democratic Sen. Ruben Gallego is denying allegations of misconduct after his friend, California Rep. Eric Swalwell, resigned from his post over sexual misconduct accusations. CBS News' Nikole Killion reports.
Space
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Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
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
Watch Pope Leo's visit to Cameroon
Pope Leo XIV visited Cameroon on his tour of Africa. He garnered a crowd of around 120,000 people for mass in Douala. He also spoke with students and faculty at the Catholic University of Central Africa and attended a Catholic hospital. The visit came amid his ongoing feud with President Trump.
Pope Leo visits Africa during Trump clash
Pope Leo was in Angola on Friday for the third leg of his tour of Africa after he held a mass in Cameroon in front of roughly 120,000 people. CBS News' Chris Livesay reports and Michelle Boorstein, a religion reporter at the Washington Post, has more.
Why might China seek involvement in Iran war?
U.S. officials tell CBS News that days after the war with Iran started, U.S. intelligence detected that China was weighing whether to supply Iran with advanced radar technology. CBS News national security contributor Sam Vinograd has more.
Democratic, GOP strategists on Strait of Hormuz
President Trump and Iran proclaimed on Friday that the Strait of Hormuz is open. Political strategists Hannah Muldavin and Kevin Sheridan join "The Takeout" with analysis.
Boy's birthday party shows lesson of love
An Idaho boy volunteered with his dad at a recreation center for people with special needs. For his birthday party, he wanted all of them there. Steve Harman goes "On the Road" with the story about Grant Mullen's wish.