Jerome Powell confirmed by Senate to second term as Fed chair
"The Federal Reserve plays a primary role in fighting inflation," President Biden said in his statement on Powell's confirmation.
Jerome Powell
Fed looks to hike interest rates half a point as inflation soars
The Fed raised its rate by .25% in March, which some experts felt was not enough.
Federal Reserve announces interest rate hike
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
Powell supports interest rate hike at March meeting
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
Senate Republicans boycott Biden's Federal Reserve nominees
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
Fed plans to raise interest rates to fight inflation
The Federal Reserve is signaling it plans to begin raising interests rates soon. Officials are hoping the move will help ease inflation, which has risen to its highest level in decades. Dana Peterson, chief economist for The Conference Board, joins CBS News' Elaine Quijano to discuss.
Report shows inflation up 5.8% in 2021
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Americans face inflation despite economic growth
President Biden has vowed to tackle the rising rate of inflation in the U.S. But many Americans don't feel like his administration is doing enough, despite steady economic growth during his first year in office. Chief economist for Morning Consult John Leer joins CBSN's Lana Zak to discuss.
Economist weighs in on record high inflation
The Labor Department says inflation in the U.S. jumped 7% between December 2020 and December 2021. That's the biggest increase since 1982. Peter Morici, an economist and emeritus professor at the University of Maryland, joins CBSN's Lilia Luciano to discuss what the latest data means for our economy.
Inflation climbs at fastest pace in decades
Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.
Unemployment rate drops to 3.9%
A new Department of Labor report reveals the U.S. added 199,000 jobs in December. The unemployment rate has fallen to 3.9%. This comes as the country confronts a surge in COVID-19 infections and rising inflation. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss the current and future labor market.
Fed signals interest rate hikes to fight inflation
The Federal Reserve signaled that it may raise interest rates at least three times in 2022, hoping to ease the staggering inflation that has Americans paying more for just about everything. Ed O'Keefe has the details.
Federal Reserve signals interest rates hikes
As inflation soars, the Federal Reserve says it could raise interest rates at least three times in 2022. CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Lana Zak to discuss that and more.
Federal Reserve's plan to slow inflation
The Federal Reserve is rolling out a new plan to help fight rising inflation. CBS News reporter Sarah Ewall-Wice breaks down how this could impact Americans' everyday lives.
Economic uncertainty looms for Biden administration
President Biden traveled to Minnesota Tuesday to highlight aspects of his $1 trillion infrastructure plan. Mr. Biden's trip comes as concerns over the new COVID-19 variant, rising inflation and issues within the nation's supply chain threaten to derail his overall economic agenda. CBS News senior White House correspondent Weijia Jiang joins CBSN's Ed O'Keefe to discuss.
Powell warns Congress that inflation may keep rising next year
He tells Senate panel that the new COVID-19 variant could have an impact on economic activity and inflation.
Biden nominates Powell to remain as Fed chair
President Biden nominated Federal Reserve Chair Jerome Powell to a second term. Plus, Democrats hope to boost their midterms chances with legislative successes. CBS News senior white house and political correspondent Ed O'Keefe, Washington Post deputy Washington editor Natalie Jennings and Politico national political correspondent David Siders join CBSN's "Red & Blue" anchor Elaine Quijano with the latest.
Poll: Inflation hurting Biden job approval
A CBS News poll shows just 33% of Americans approve of President Biden's handling of inflation, with only 44% approving of the job he is doing overall. As CBS News' Skyler Henry reports, Mr. Biden is hoping to build economic stability by reappointing Jerome Powell for another term as Federal Reserve chairman. Alex Gangitano, a White House correspondent for The Hill, joins CBSN's Elaine Quijano to discuss how the economy could shape the future of Biden's presidency.
Biden renominates Powell as Federal Reserve chair
President Biden is nominating Jerome Powell for a second term as Federal Reserve chair. Powell, a Republican who was originally nominated by President Trump, said he will focus on inflation if confirmed again.
Biden to nominate Jay Powell for second term as Fed chair
Lael Brainard, whom progressives had pushed to lead the central bank, nominated as vice chair.
The impact of Biden's agenda on inflation
Some economists say fears about the impact president Biden's economic agenda could have on inflation are overblown. CBS News MoneyWatch reporter Aimee Picchi joins CBSN to discuss more.
Fed to keep interest rates near zero
Last week, the Federal Reserve voted to keep interest rates near zero as inflation rises to the highest point in 30 years. The central bank will also dwindle its buying of billions of dollars a stocks a month, which began during the pandemic. Senior vice president and director of research for the committee of economic development Joe Menarik joins Lana Zak on CBSN to discuss.
Fed to start removing support for economy as inflation surges
The central bank said it will start reducing its $120 billion in monthly bond purchases in the coming weeks.
6/16/20: Red and Blue
Senate holds hearing on police reforms; Virginia Rep. Riggleman loses Republican primary.
Live
Live updates as 3 million Epstein files released by DOJ
The Justice Department on Friday released more documents from the Jeffrey Epstein files, more than a month after the original deadline to do so.
Catherine O'Hara, "Beetlejuice" and "Home Alone" star, dies at 71
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
Journalist Don Lemon arrested after protest at Minnesota church
Don Lemon was taken into custody by federal agents in Los Angeles, where had been covering the Grammy Awards, his attorney said.
Live
Government shutdown deadline just hours away as Senate works to pass deal
Dozens of federal agencies are set to see their funding lapse at midnight as senators work to finalize a deal on a package of spending bills.
FBI now leading investigation into fatal shooting of Alex Pretti
The FBI is now leading the investigation into the fatal shooting of Alex Pretti in Minnesota.
What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
Husband in au pair affair recounts killings of wife, man: "Hoping to de-escalate"
Brendan Banfield testified that he did not fatally stab his wife in 2023, but instead shot the man who did.
President Trump dominates red carpet chatter at "Melania" premiere
For those wondered if President Trump would give up the spotlight and let the first lady field all reporter questions at the premiere of her film "Melania" Thursday night, the answer was no.
Lindsey Vonn says her "Olympic dream is not over" after crash
Skiing great Lindsey Vonn crashed in her final downhill before the Milan Cortina Winter Olympics.
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Nevada's first-in-the-nation primary bid gets boost from Latino Victory
Nevada, New Hampshire and South Carolina are vying to be the first state to vote in the 2028 Democratic presidential primaries.
A new $45 fee for travelers without Real IDs goes into effect Feb. 1
Passengers without Real IDs can still fly if they pay a $45 fee, which covers the cost of additional identity verification screening.
Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs
Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
DOJ releasing more than 3 million pages of Jeffrey Epstein records
Deputy Attorney General Todd Blanche says the Justice Department is releasing millions more records related to its probe into Jeffrey Epstein.
Live
Government shutdown deadline just hours away as Senate works to pass deal
Dozens of federal agencies are set to see their funding lapse at midnight as senators work to finalize a deal on a package of spending bills.
MoneyWatch
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A new $45 fee for travelers without Real IDs goes into effect Feb. 1
Passengers without Real IDs can still fly if they pay a $45 fee, which covers the cost of additional identity verification screening.
Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs
Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
What Kevin Warsh as new Federal Reserve chair could mean for the economy
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
Trump nominates Kevin Warsh as next Federal Reserve Board chair
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Trump threatens Canada with 50% tariff on aircraft sold in U.S.
President Trump is threatening Canada with a 50% tariff on any aircraft sold in the U.S., the latest salvo in his trade war with America's northern neighbor as his feud with Prime Minister Mark Carney expands.
Politics
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Nevada's first-in-the-nation primary bid gets boost from Latino Victory
Nevada, New Hampshire and South Carolina are vying to be the first state to vote in the 2028 Democratic presidential primaries.
Live
Live updates as 3 million Epstein files released by DOJ
The Justice Department on Friday released more documents from the Jeffrey Epstein files, more than a month after the original deadline to do so.
President Trump dominates red carpet chatter at "Melania" premiere
For those wondered if President Trump would give up the spotlight and let the first lady field all reporter questions at the premiere of her film "Melania" Thursday night, the answer was no.
Justice Department will probe Alex Pretti's killing in civil rights investigation
Deputy Attorney General Todd Blanche says the Department of Justice is participating in a civil rights investigation into the death of Alex Pretti, who was shot and killed by two Border Patrol agents in Minneapolis amid a federal immigration crackdown.
DOJ releasing more than 3 million pages of Jeffrey Epstein records
Deputy Attorney General Todd Blanche says the Justice Department is releasing millions more records related to its probe into Jeffrey Epstein.
HealthWatch
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Carter Center reaches major milestone in quest to eradicate Guinea worm
Jimmy Carter made eradicating the Guinea worm a top mission of The Carter Center. Now it could soon become the second disease eradicated in history.
Life expectancy in U.S. hit record high of 79 years in 2024, CDC says
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
Gerber recalls some arrowroot biscuits over potential plastic, paper pieces
The recall affects several batches of the 5.5-ounce Gerber Arrowroot Biscuits, the FDA said.
South Carolina measles outbreak now larger than Texas' in 2025, new data shows
South Carolina's measles outbreak has grown to include 789 cases. A West Texas outbreak last year sickened 762 people.
Trump policies at odds with emerging understanding of COVID's long-term harm
Studies offer insights into the health risks and burdens faced by people who have had COVID infections. Meanwhile, the Trump administration has narrowed COVID vaccine recommendations and cut research.
World
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Iranians are anxious, but some hope Trump will "fulfill his promise"
Many people in Tehran and Tel Aviv are worried that Trump will make good on his threats to attack Iran again, but for some, it's fear laced with hope.
Son of Norway crown princess to stand trial for allegedly raping 4 women
Marius Borg Hoiby, the 29-year-old son of Crown Princess Mette-Marit, has been charged with a total of 38 counts.
Shark kills 13-year-old boy at popular beach in Brazil
Dozens of beaches along the turquoise coastlines of Pernambuco have been issued with shark warnings, authorities said.
Quieter night in Ukraine as Trump says Putin agreed to pause strikes
Zelenskyy says Ukraine will "take corresponding steps" as Trump says Putin agreed to stop bombing Ukrainian cities for a week.
Remains, jacket found over 2 years after woman vanished in wilderness
Human remains and clothing were found while searching for Belgian national Celine Cremer, who went missing in 2023 in Tasmania, police said.
Entertainment
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Catherine O'Hara, "Beetlejuice" and "Home Alone" star, dies at 71
Catherine O'Hara was best known for her comic performances in projects including "Home Alone," "Beetlejuice," and "Schitt's Creek."
UFC 325 fights go down tomorrow night. See when it starts, who's on the card and where to watch.
Alexander Volkanovski faces Diego Lopes in the UFC 325 main event on what's expected to be an action-packed fight card.
KATSEYE reflects on success and what's next
In just two years, KATSEYE has gone from a Netflix reality competition show to top of the charts, collecting a VMA and two Grammy nominations along the way. The group talks about their journey together in the music industry and what they hope for in the future.
Designer brings life to Grammy red carpet
The nominees and performers for the Grammy Awards will walk the red carpet on Sunday - with flashing camera lights, celebrity interviews and floral designs. Botanical artist Tu Bloom has been the designer behind the red carpet flowers for nearly two decades. He speaks to "CBS Mornings" about his design for this year's red carpet and what drew him to his profession.
Behind-the-scenes look ahead of the Grammys
Final preparations are underway for the Grammys, which air on Sunday on CBS. Music's biggest night could be historic for multiple artists. Anthony Mason got an inside look.
Technology
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Uber looks to cash in on self-driving cars — but not by driving them
The rideshare company is getting into the business of providing real-world driving data to autonomous vehicle developers. Here's why.
New AI features for Gmail users
This month, Google launched a suite of new features for Gmail. Google's AI assistant, Gemini, can now filter through junk, summarize an inbox and even help users write emails. Blake Barnes, Gmail vice president of product, joins CBS News to discuss.
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.
Analysts say Starlink may have guided Russian drones into a Ukrainian train
As Ukraine accuses Russia of terrorism with a deadly strike on a train, some defense analysts believe Elon Musk's Starlink may have guided the killer drones.
TikTok's new privacy policy is sparking a backlash. Here's what to know.
Some TikTok users are raising questions about the app's new terms and conditions after the social media platform's split from its China-based parent.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Crime
Don Lemon's attorney reacts to his arrest
Independent journalist Don Lemon has been arrested in Los Angeles and faces two federal charges, a source tells CBS News. Anna Schecter has more.
DOJ releases more Epstein files
The Justice Department released more than 3 million pages from the Jeffrey Epstein investigation files. CBS News' Jake Rosen reports.
Judge on Luigi Mangione facing death penalty
A federal judge has ruled on evidence that can be used in Luigi Mangione's case and determined he will not face the death penalty if convicted. CBS News' Katrina Kaufman reports.
DOJ releases more Jeffrey Epstein files
Deputy Attorney General Todd Blanche announced on Friday the release of millions of pages from files related to the investigation into Jeffrey Epstein. CBS News' Anna Schecter reports.
Son of Norway crown princess to stand trial for allegedly raping 4 women
Marius Borg Hoiby, the 29-year-old son of Crown Princess Mette-Marit, has been charged with a total of 38 counts.
Space
More Space
NASA delays Artemis mission to moon due to cold weather
The first Artemis moonshot with a crew is now targeted for no earlier than Feb. 8, two days later than planned.
Artemis II crew undergoes intense training for rare moon mission
For months, the Artemis II crew and flight controllers have been simulating malfunctions to prepare for their upcoming trip around the Moon.
Inside Artemis II astronauts' training
NASA is preparing for its first crewed mission around the moon in more than 50 years. The Artemis II astronauts include three Americans and one Canadian on a 10-day flight. Mark Strassmann got a look at how they're training.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
More on Virgin Galactic all-female space crew
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
Latest Galleries
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Notable Deaths in 2025
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
Breaking down latest Epstein files release
The Justice Department on Friday began releasing more than 3 million records related to the investigation into convicted sex offender Jeffrey Epstein. CBS News' Jake Rosen has more.
What's holding up the funding bill?
Senate Democrats struck a deal with the White House late Thursday on a funding deal ahead of the government shutdown deadline, but the upper chamber has yet to hold a vote to pass the package. CBS News' Nikole Killion has the latest.
What to know before the 2026 Grammy Awards
The 2026 Grammy Awards will take place on Sunday, Feb. 1, on CBS and Paramount+. People's Jack Irvin joined CBS News with more on what to expect.
Don Lemon's attorney reacts to his arrest
Independent journalist Don Lemon has been arrested in Los Angeles and faces two federal charges, a source tells CBS News. Anna Schecter has more.
DOJ releases more Epstein files
The Justice Department released more than 3 million pages from the Jeffrey Epstein investigation files. CBS News' Jake Rosen reports.