Fed discussed how bad it would get
With COVID-19 wreaking havoc on the U.S. economy a year ago, Jerome Powell and his advisors at the Fed considered the possibility of a Great Depression scenario.
Jerome Powell
Jerome Powell: Full 2021 60 Minutes interview transcript
The complete text of Scott Pelley's interview with the Federal Reserve chairman.
Fed Chair Jerome Powell on Archegos collapse
In a conversation with Scott Pelley about the economic outlook, Powell also commented on the fallout from the Archegos Capital collapse, last year's bailout of money market funds, and the potential development of a U.S. digital dollar.
Jerome Powell: The 2021 60 Minutes Interview
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
Fed chair says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Fed Chair Jerome Powell says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Jerome Powell: Vaccination key to global economic recovery
Powell called global vaccination efforts "not only the right thing to do, it's also the smart thing to do."
Powell and Yellen address economic recovery
Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen said Tuesday that the U.S. avoided a major economic crisis thanks to two stimulus packages in 2020 and 2021. CBS News reporter Sarah Ewall-Wice joins CBSN's Elaine Quijano to discuss what was covered during the first part of the two-day hearing.
Treasury chief says full employment is on the horizon
"The Biden administration is not going to propose policies that hurt small businesses or Americans," said Treasury Department chief Janet Yellen.
Fed chief Powell says economic recovery is "far from complete"
Federal Reserve Chair signals he is in no hurry to hike interest rates, citing "great hardship" caused by COVID-19.
12/1: Red and Blue
AG Barr: No evidence of widespread voter fraud; Rallying voters for Georgia's Senate runoffs
State of COVID economic relief negotiations
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they support a new bipartisan $908 billion COVID-19 economic relief proposal as a baseline for negotiations. It includes money for small businesses, unemployment insurance, and local governments. Neil Bradley, executive vice president and chief policy officer of the U.S. Chamber of Commerce, joined "CBSN AM" to discuss.
Fed and Treasury urge Congress to act now on virus relief
Without immediate assistance, Americans will lose their homes and small businesses will fail, Fed chair warns.
Will Congress extend COVID-19 aid?
As Congress returns from recess, Democrats and Republicans remain far apart on a new COVID-19 relief package. Many federal aid programs are set to expire at the end of December. CBS News chief congressional correspondent Nancy Cordes joined "CBSN AM" with the latest.
Bipartisan senators work on COVID-19 relief
A bipartisan group of senators is working on a new COVID-19 relief package, as key assistance programs are set to expire at the end of the month. CBS News chief congressional correspondent Nancy Cordes joined CBSN with the latest.
Fed Chair Jerome Powell calls for more economic stimulus
Another round of relief is needed to help contain the coronavirus and boost people's savings.
Federal Reserve says inflation should rise dramatically
Fed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates.
Fed's Kashkari warns bank losses during COVID could trigger financial crisis
"I am concerned the longer this goes on, the more losses banks will face," he told "Face the Nation" moderator Margaret Brennan.
Fed's Powell says coronavirus downturn could do severe economic harm
Federal Reserve chair says the risk to small businesses from the pandemic is acute.
Fed says 15 million Americans will remain jobless by year-end
Central bank expects unemployment to remain above by 9% by year-end and for joblessness to remain elevated into 2022.
Fed chief: Virus hurting "those least able to bear its burdens"
Inequality is deepening the economic impact of COVID-19 on American workers, U.S. central bank chairman said.
Powell and Mnuchin defend trillion-dollar stimulus efforts
It's the first public testimony by the duo since the $2 trillion economic bailout became law nearly two months ago.
Hearing on coronavirus stimulus efforts
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified via video for a Senate committee on the impact of economic stimulus measures to help the nation recover from the coronavirus pandemic. CBS News chief congressional correspondent Nancy Cordes and CBSN political contributor Molly Hooper join CBSN's Reena Ninan with highlights from the hearing.
ICYMI: A look back at Sunday's 60 Minutes
This week on 60 Minutes: Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Norah O'Donnell interviews whistleblower Rick Bright; And, what will be the long-term effects of the coronavirus pandemic?
Fed Chair Jerome Powell on the coronavirus-ravaged economy
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
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Iran war keeps Strait of Hormuz paralyzed and gas prices on the rise
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
Trump urges other nations to help open Strait of Hormuz
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
Ex-wife told 911 the Michigan synagogue attacker was "not stable" before incident
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
White House chief of staff Susie Wiles diagnosed with breast cancer
President Trump said White House chief of staff Susie Wiles will "continue doing the job she loves" even while undergoing treatment for early stage breast cancer.
Supreme Court to consider end to deportation protections for Syrians, Haitians
The Supreme Court said in an unsigned order it will hear arguments in late April on efforts to end temporary deportation protections for thousands of immigrants from Syria and Haiti.
Travelers face long lines at airports after TSA workers miss full paycheck
Travelers continue to face long lines at airports across the U.S. due to the partial government shutdown affecting TSA agents.
Cuba plans to open up to investment from nationals in U.S. amid pressure from Trump
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Border Patrol's Gregory Bovino to retire from federal service, sources say
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
Who won Oscars for 2026? See the full winners list here
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
U.S.
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Ex-wife told 911 the synagogue attacker was "not stable" ahead of incident
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
U.S. Soccer unveils new stars and stripes jerseys ahead of 2026 World Cup
The U.S. men's national soccer team is expected to debut the new uniforms later this month in Atlanta, ahead of the 2026 FIFA World Cup starting in June.
Supreme Court to consider end to deportation protections for Syrians, Haitians
The Supreme Court said in an unsigned order it will hear arguments in late April on efforts to end temporary deportation protections for thousands of immigrants from Syria and Haiti.
Costco recalls meatloaf meal due to salmonella risk
Costco is recalling a meatloaf and potato meal kit because one of its ingredients may be contaminated with salmonella.
Border Patrol's Gregory Bovino to retire from federal service, sources say
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
MoneyWatch
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Costco recalls meatloaf meal due to salmonella risk
Costco is recalling a meatloaf and potato meal kit because one of its ingredients may be contaminated with salmonella.
Hyundai stops sales of some 2026 models after a child's death
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
With gas prices still rising, experts recommend 3 ways to save fuel
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
Gas prices edge higher with Brent crude remaining above $100 per barrel
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
The Iran war is making it harder for Fed officials to cut interest rates
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Politics
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Judge blocks parts of RFK Jr's vaccine agenda, including new childhood vaccine schedule
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Cuba plans to open up to investment from nationals in U.S. amid pressure from Trump
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Supreme Court to consider end to deportation protections for Syrians, Haitians
The Supreme Court said in an unsigned order it will hear arguments in late April on efforts to end temporary deportation protections for thousands of immigrants from Syria and Haiti.
Border Patrol's Gregory Bovino to retire from federal service, sources say
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
White House chief of staff Susie Wiles diagnosed with breast cancer
President Trump said White House chief of staff Susie Wiles will "continue doing the job she loves" even while undergoing treatment for early stage breast cancer.
HealthWatch
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Changes in organ donor status can fall through cracks in the system
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A dad's colon cancer spread to lungs. He says what happened next was a miracle.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Millions of Americans skip meals, stretch medication to afford health care
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Disease once linked to mining hits workers in countertops industry
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
World
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Cuba plans to open up to investment from nationals in U.S. amid pressure from Trump
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Cuba begins restoring power after energy grid collapses in nationwide blackout
The latest blackout in Cuba comes over a week after another massive outage affected the island's west, leaving millions without power.
2 dead, including girl, after boats carrying students capsize off Japan
Coast guard rescuers pulled all 21 people out of the water, but a 17-year-old student and the captain of one of the boats were later pronounced dead.
Trump urges other nations to help open Strait of Hormuz
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
Suspect who played key role in "El Mencho" raid is arrested
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
Entertainment
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Entertainment
Stars walk Vanity Fair Oscar Party red carpet
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
Did "Sinners" get snubbed at the Oscars?
The 2026 Academy Awards were held in Los Angeles on Sunday. Entertainment Tonight host Kevin Frazier breaks down the winners and the biggest upsets.
Oscars 2026 best dressed
CBS News contributor Lauren Sherman breaks down some of the best looks from the 2026 Oscars, where looks from Chanel and Dior dominated the red carpet.
Lizzo announces children's book
Grammy award-winner Lizzo exclusively announced on "CBS Mornings" her latest project, a children's book called "Little Lizzo Meets Sasha B. Flute." She spoke with Gayle King about her inspiration for the book and message for young readers.
Breaking down top moments from the Oscars
Clayton Davis, the senior awards editor for Variety, joins "CBS Mornings" to discuss the big moments, winners and surprises at the Oscars.
Technology
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Technology
Solar farm development faces pushback
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberates in social media trial
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
3 teens took part in a weeklong experiment to curb screen time. It worked.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
How Pentagon-Anthropic AI dispute escalated
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
Science
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Discovery of 1949 whale recording could unlock mysteries of ocean
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
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.
Crime
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Crime
Closing arguments in Kouri Richins trial
Closing arguments are expected to begin on Monday in Kouri Richins' murder trial. She's accused of giving her husband a deadly dose of fentanyl four years ago before she later published a children's book about grief. The case included 13 days of testimony, but the defense did not call any witnesses. If convicted, Richins could face life in prison.
Suspect who played key role in "El Mencho" raid is arrested
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
Ecuador launches U.S.-backed anti-drug operations: "We're at war"
The operation marks the latest joint show of force against drug cartels in the South American country.
Murder-for-hire scheme uncovered in investigation of slain teacher
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Players Championship start delayed amid manhunt for murder suspect
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Space
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Space
Bill Nye on going from Boeing to science guy
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA targets April 1 for moon mission launch
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
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.
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
Nations reject Strait of Hormuz involvement
President Trump is calling on nations to assist the U.S. with reopening the Strait of Hormuz, but so far, many are declining. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Strait of Hormuz remains paralyzed as war rages on
President Trump wants other nations not involved in the war with Iran to join the effort to escort vessels carrying oil and natural gas through the Strait of Hormuz. CBS News senior foreign correspondent Imtiaz Tyab reports. Then, former CIA Deputy Assistant Director for Counterterrorism Joe Zacks joins with analysis.
Dr. Mary Claire Haver on upcoming book
Dr. Mary Claire Haver, a board certified OBGYN and certified menopause specialist, joins CBS News to discuss her upcoming book, The New Perimenopause, and more.
Trump, Vance take questions on Iran together
President Trump and Vice President JD Vance spoke to reporters from the Oval Office on Monday for the first time since the Iran war began. Hear their remarks.
Stock market has best day since Iran war began
A drop in oil prices helped send the U.S. stock market to its best day since the start of the war in Iran on Monday. Yahoo Finance senior reporter Brooke DiPalma joins CBS News to discuss.