Fed Chair Powell on economic inequality
The chair of the Federal Reserve discusses the impact of low mobility and the "legacy of slavery" — and how the Fed can address it
Jerome Powell
Highlights from Jerome Powell's 60 Minutes interview
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy
Fed chair: "We don't feel any hurry" to raise interest rates
"Can the president fire you?" Scott Pelley asked the Fed chair and Trump Twitter target. "No," Jerome Powell answered
The Federal Reserve, 10 years after the Great Recession
After interviewing Fed Chair Jerome Powell, Scott Pelley reflects on his 60 Minutes interview with former Fed Chair Ben Bernanke in 2009
Jerome Powell: The 60 Minutes Interview
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy
Full 60 Minutes interview with Fed Chair Jerome Powell
What is the Federal Reserve Chairman’s view on the health of the U.S. economy? A transcript of Scott Pelley’s interview with Jerome Powell on "60 Minutes"
Fed Chair Jerome Powell to appear on "60 Minutes"
Correspondent Scott Pelley interviews Powell along with his predecessors Ben Bernanke and Janet Yellen
Fed chief Jerome Powell says U.S. economy likely to slow
Federal Reserve Chairman expects economic growth to weaken this year, but says the job market remains strong
Yellen says Trump doesn't understand what the Fed does
Former Fed chief says the president's comments about Jerome Powell "could undermine confidence" in the central bank
Trump and Fed Chair Powell finally meet again, over dinner
After more than a year, the two dined at the White House on Monday, but didn't discuss the future of interest rates
Herman Cain on "fairly large list" of nominees for Fed board
Cain's candidacy imploded after being accused of sexual harassment and a woman alleged a longterm affair
Jay Powell: "I don't see a recession" in 2019
The Federal Reserve chief also says he'll be "patient" with rate hikes while looking at the global economic picture
Investors have plenty of reasons to worry
As volatility soars amid reports that swerve from bearish to bullish, investors can expect more in the months ahead
Fed Chair says he wouldn't resign if Trump asked
Central bank chief, joined by Janet Yellen and Ben Bernanke, says monetary policy must remain independent of politics
President Trump blames Fed for economic jitters
As market rout deepens, the president is ratcheting up the tension with monetary policymakers
Dow falls below 23,000 for first time in 14 months
After years of easy money, investors are spooked by rising interest rates and slowing U.S. growth
What Powell's decision means for the markets
Stock markets dropped after the Fed predicted economic growth would slow next year. Associated Press writer Josh Boak joins CBSN for more.
Fed hikes rates, but nods to slowing growth
In a notable policy shift, the Fed now expects to raise rates more slowly in 2019 amid signs of a cooling economy
Fed chairman speaks on interest rate hike
The Fed has raised interest rates four times this year, meaning it believes the economy is still growing rapidly despite stock market turmoil. However, the central bank plans to raise rates more slowly in 2019.
Fed likely to hike rates again, despite Trump's tweets
And the president's complaining about higher interest rates isn't the only problem the central bank faces
Stocks stanch the bleeding ahead of key Fed decision
Investors looking for signs that Federal Reserve officials may slow their push to hike interest rates
Fed rate moves for 2019: The suspense is building
With one more hike likely this week, the betting on what happens next year has plenty of wild cards in play
Fed Chairman Jerome Powell: The U.S. still faces economic challenges
The Fed chairman said slow wage growth and a decline in economic mobility are hampering the country
Fed officials show more caution on future interest rate hikes
While still on track to raise rates again next month, some Fed members see a possible slowing of hikes in 2019
Is Trump right in accusing Fed chief of hurting the economy?
The president has had a field day bashing Jerome Powell, but his underlying economic gripe isn't so nuts
Live
Oman-Iran talks advance on reopening Strait of Hormuz, sources say
Talks between Oman and Iran on reopening the Strait of Hormuz and their respective territorial waterways have made progress, sources said.
Maine Democrats pick Troy Jackson to replace Platner on Senate ballot
Maine Democrats gathered Saturday to select former state Senate President Troy Jackson as the Senate nominee to replace Graham Platner on the ballot.
Thousands of people flee raging wildfires in France and Spain
The fires in Spain and France advanced quickly because of tinderbox conditions worsened by successive heat waves.
Trump cracks jokes at White House Correspondents' Dinner redo
President Trump cracked jokes at the redo of the White House Correspondents' Dinner on Friday night, after an armed assailant upended April's dinner.
Cyclospora outbreak dubbed "lettuce-gate" as health concerns spread across U.S.
Americans say they aren't convinced the cyclospora outbreak is under control as confirmed cases near 2,000.
Substance in work van of man killed by ICE tested negative for drugs, prosecutor says
A substance found in the work van of a Mexican immigrant killed by an Immigration and Customs Enforcement agent has tested negative for illicit drugs, the top prosecutor in Houston said Friday.
Trump orders signs placed outside Smithsonian warning of "inaccurate" information
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
Typhoon Noul hits southern China as more than 340,000 evacuate, flights canceled
Typhoon Noul is battering southern China and Hong Kong with winds and heavy rain.
Zelenskyy accuses Russia of helping Iran target U.S. bases with satellite images
Ukrainian President Volodymyr Zelenskyy's accusations of Russia helping Iran target U.S. troops are not the first.
U.S.
More U.S.
Cyclospora outbreak dubbed "lettuce-gate" as health concerns spread across U.S.
Americans say they aren't convinced the cyclospora outbreak is under control as confirmed cases near 2,000.
4th firefighter dies from burn injuries battling Colorado's Knowles wildfire
Nathan Matthews, 43, of Lincoln, Nebraska, died from injuries sustained while battling the blaze, the Department of the Interior said.
Man, 83, who went missing near Grand Canyon rescued after overnight search
Multiple teams worked to find and rescue Gerald Guinn, 83, after he disappeared during a hike near the Grand Canyon.
ChatGPT now has a space for sharing medical records. Should you?
OpenAI announced a dedicated space in ChatGPT for sharing medical records, Health in ChatGPT. Health and AI experts lay out the pros and cons.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
MoneyWatch
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Paramount to delay Warner Bros. merger until as late as June 2027
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
Trump says U.S. to investigate EU trade practices over tech company fines
President Trump accused the European Union of "robbing" American companies and taxpayers.
Here is how cyclospora outbreak is affecting businesses
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
Ford recalls more than half a million Bronco vehicles over engine fire risk
A short circuit in the engine compartment can potentially cause a fire. Here's the fix.
Here are the new tariff rates on dozens of countries targeted by Trump
President Trump announced new tariffs of up to 12.5% to replace expiring Section 122 levies. Here are the rates for each country.
Politics
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Zelenskyy accuses Russia of helping Iran target U.S. bases with satellite images
Ukrainian President Volodymyr Zelenskyy's accusations of Russia helping Iran target U.S. troops are not the first.
Maine Democrats pick Troy Jackson to replace Platner on Senate ballot
Maine Democrats gathered Saturday to select former state Senate President Troy Jackson as the Senate nominee to replace Graham Platner on the ballot.
Substance in work van of man killed by ICE tested negative for drugs, prosecutor says
A substance found in the work van of a Mexican immigrant killed by an Immigration and Customs Enforcement agent has tested negative for illicit drugs, the top prosecutor in Houston said Friday.
Trump orders signs placed outside Smithsonian warning of "inaccurate" information
President Trump ordered federal officials to install signs outside the National Museum of American History that correct what he says is "inaccurate" information presented by the institution about American history.
Trump flew from Turkey on older plane after credible threat from Iran and proxies
President Trump departed the NATO summit in Turkey on an old Air Force One jet following a credible threat from Iran and allied proxy groups, U.S. officials told CBS News.
HealthWatch
More HealthWatch
Cyclospora outbreak dubbed "lettuce-gate" as health concerns spread across U.S.
Americans say they aren't convinced the cyclospora outbreak is under control as confirmed cases near 2,000.
Confusion around cyclosporiasis outbreak
The Centers for Disease Control said the cyclosporiasis outbreak linked to iceberg lettuce has expanded to four more states and sickened thousands. In the weeks following the initial reports, some consumers expressed confusion about what's safe and what's not. Ali Bauman has more details.
Grandfather with pancreatic cancer beats the odds with clinical trial
Hernando Salcedo was diagnosed with Stage III pancreatic cancer after mild symptoms. Chemotherapy made him feel worse than before his diagnosis.
ChatGPT now has a space for sharing medical records. Should you?
OpenAI announced a dedicated space in ChatGPT for sharing medical records, Health in ChatGPT. Health and AI experts lay out the pros and cons.
Here is how cyclospora outbreak is affecting businesses
Visits to fast casual restaurants with lettuce-heavy menus are seeing declining foot traffic in the wake of the cyclosporiasis outbreak.
World
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Vehicle crashes into Berlin's LGBTQ+ Pride crowd, killing at least 1 person
Berlin police said they were searching for possible suspects after a car drove into a crowd during Berlin's famed LGBTQ+ parade on Saturday.
Zelenskyy accuses Russia of helping Iran target U.S. bases with satellite images
Ukrainian President Volodymyr Zelenskyy's accusations of Russia helping Iran target U.S. troops are not the first.
Typhoon Noul hits southern China as more than 340,000 evacuate, flights canceled
Typhoon Noul is battering southern China and Hong Kong with winds and heavy rain.
Small plane crashes into family home in Germany, killing at least 1
The residents of the house were not home at the time of the crash, German news agency dpa reported.
Thousands of people flee raging wildfires in France and Spain
The fires in Spain and France advanced quickly because of tinderbox conditions worsened by successive heat waves.
Entertainment
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Entertainment
7/25: CBS Saturday Morning
The U.S. pauses strikes against Iran, LeBron signs with the Sixers, plus SpaceX's first post-IPO flight.
Charles Wesley Godwin sings "Hallelujah High"
West Virginian singer-songwriter Charles Wesley Godwin has earned praise for his powerful vocals and heartfelt lyrics. His new album "Christian Name" explores faith, family, mourning and rebirth. Here's Charles Wesley Godwin with "Hallelujah High."
Charles Wesley Godwin plays "Better That Way"
West Virginian singer-songwriter Charles Wesley Godwin has earned praise for his powerful vocals and heartfelt lyrics. His new album "Christian Name" explores faith, family, mourning and rebirth. Here's Charles Wesley Godwin with "Better That Way."
Charles Wesley Godwin plays "Hey There Son"
West Virginian singer-songwriter Charles Wesley Godwin has earned praise for his powerful vocals and heartfelt lyrics. His new album "Christian Name" explores faith, family, mourning and rebirth. Here's Charles Wesley Godwin with "Hey There Son."
Paramount to delay Warner Bros. merger until as late as June 2027
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
Technology
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Technology
Brands cash in on AI influencers
A growing number of faces on your feeds are generated by artificial intelligence, and brands are buying in. Increasingly, these AI influencers are marketing products, often deceptively, to consumers. Shanelle Kaul has more.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
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.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
ChatGPT now has a space for sharing medical records. Should you?
OpenAI announced a dedicated space in ChatGPT for sharing medical records, Health in ChatGPT. Health and AI experts lay out the pros and cons.
Science
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Science
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Crime
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Crime
WHCA scholarship recipients relive shooting
Kaitlin Bender-Thomas and Madison Maynard, two White House Correspondents' Association scholarship recipients, join "The Daily Report" to reflect on April's terrifying shooting ahead of the rescheduled dinner.
High security for correspondents' dinner
The White House Correspondents' Dinner will have a redo in Washington, D.C., on Friday night, after the original event was interrupted in April when a gunman stormed in. It'll be a scaled-down event with scaled-up security. Nicole Sganga reports.
Georgia school shooting suspect pleads guilty
Nearly two years after a school shooting at Georgia's Apalachee High School, a 16-year-old pleaded guilty to killing two fellow students, two teachers and wounding nine other people in Georgia. Jericka Duncan reports.
Judge to decide on D4vid's murder trial
A judge is set to decide whether to move forward with a jury trial of singer D4vid in the case of 14-year-old Celeste Rivas Hernandez's murder after the doctor who performed her autopsy delivered a disturbing testimony in a preliminary hearing. Adam Yamaguchi has more.
Upper West Side double stabbing suspect facing hate crime charges
The suspect in Thursday's double stabbing on New York City's Upper West Side has been charged with attempted murder as a hate crime, among other things.
Space
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SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Justine's Voice
After a teenager is strangled and buried alive, her family takes on the fight to keep her convicted killers behind bars. "We're her voice" says Justine's sister. "48 Hours" correspondent Natalie Morales reports.
83-year-old rescued near Grand Canyon
An 83-year-old Utah man was found safe, two days after he went missing on what was supposed to be a brief hike in Grand Canyon National Park.
Family self-deporting back to Ecuador
Jorge Angamarca and his family are choosing to self-deport from Minnesota back to Ecuador. They came to the U.S. seeking asylum, telling CBS Minnesota that they were being extorted for money with threats of kidnapping their daughter if they did not pay. Jennifer Mayerle has their story.
Woman swimming along California coast
California woman Catherine Breed is trying to swim the entire length of the state's coast, over 900 miles. Kenny Choi has more on the potentially history-making feat.
Confusion around cyclosporiasis outbreak
The Centers for Disease Control said the cyclosporiasis outbreak linked to iceberg lettuce has expanded to four more states and sickened thousands. In the weeks following the initial reports, some consumers expressed confusion about what's safe and what's not. Ali Bauman has more details.