Fed leaves interest rates unchanged
The Federal Reserve announced Wednesday that it would leave interest rates unchanged despite pressure from President Trump to cut rates. CBS News' Kelly O'Grady and Weijia Jiang have the latest.
Watch CBS News
The Federal Reserve announced Wednesday that it would leave interest rates unchanged despite pressure from President Trump to cut rates. CBS News' Kelly O'Grady and Weijia Jiang have the latest.
The Federal Reserve is set to meet on Wednesday and is likely to hold interest rates steady despite pressure from the Trump administration to cut them. CBS News senior business and technology correspondent Jo Ling Kent reports.
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
Employers added 177,000 jobs last month as the labor market keeps humming, for now, despite all the turmoil caused by President Trump's tariffs. The White House is taking credit for the job growth after blaming former President Biden for the drop in gross domestic product earlier this week. Mr. Trump said this is a sign that Federal Reserve Chair Jerome Powell should cut interest rates. CBS News' Ed O'Keefe and Jo Ling Kent report.
President Trump walked back comments about Federal Reserve Chair Jerome Powell's firing. CBS News' Natalie Brand reports as stock markets appear to react to his latest remarks.
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
President Trump told reporters Tuesday he has "no intention of firing" Federal Reserve Chairman Jerome Powell, one day after Mr. Trump called Powell a "major loser." Stef Kight, politics reporter at Axios, and Jake Traylor, White House reporter at Politico, join "America Decides" to discuss the president's comments and more.
President Trump is escalating his attacks on Federal Reserve Chair Jerome Powell as questions emerge about the future of the U.S. economy. CBS MoneyWatch correspondent Kelly O'Grady has more.
CBS News business analyst Jill Schlesinger breaks down what to know after stocks fell Monday following President Trump's criticism of Fed chair Jerome Powell. Last week, Powell warned tariffs could hurt the U.S. economy.
President Trump started the day calling Federal Reserve Chairman Jerome Powell names and pressuring him to lower interest rates. The comment caused an immediate reaction on Wall Street. Kelly O'Grady has analysis.
President Trump derided Federal Reserve Chairman Jerome Powell in a social media post on Monday as a "major loser" and pressed him to lower interest rates "NOW." CBS News political director Fin Gómez joins with analysis.
President Trump again lashed out at Jerome Powell, calling him a "major loser" and urging the Fed Chair to immediately cut interest rates.
Stocks slumped again on Monday as President Trump continued his attacks on Federal Reserve Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump administration economist Kevin Hassett said Powell's removal is being studied by the president and his team.
The Trump administration is continuing to criticize Federal Reserve Chair Jerome Powell. The president's top economist said President Trump and his team are studying whether the president can fire him. Democratic Rep. Mike Levin of California joins "America Decides" to discuss.
President Trump called the deadly mass shooting at Florida State University "terrible" and a "shame," but suggested he won't back new gun control measures. Meanwhile, Mr. Trump continued to lash out at Federal Reserve Chairman Jerome Powell. CBS News' Natalie Brand has more.
President Trump is once again taking aim at his own pick for America's most powerful economic post -- Federal Reserve Chair Jerome Powell. Despite nominating him in 2017, Trump now wants him out. But is that allowed? Jan Crawford explains.
President Trump lashed out at Fed Chair Jerome Powell over interest rates, saying he should "certainly lower them now."
Federal Reserve Chair Jerome Powell has run afoul, again, of President Trump after Powell said Trump's tariffs could hurt the economy. Weijia Jiang reports.
Stock market turmoil continued Thursday with the Dow Jones closing in the red. The drop comes as investors weigh progress in trade negotiations with Japan and navigate general uncertainty over the Trump administration's tariff plan. Notably, UnitedHealth shares fell after the company announced a cut to its annual profit forecast, citing expectations of high medical costs for the rest of the year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President Trump lashed out at Federal Reserve Chair Jerome Powell in a social media post on Thursday, saying his termination "cannot come fast enough." CBS News' Fin Gómez and Kelly O'Grady report.
We're following market reaction on the heels of Federal Reserve Chair Jerome Powell's remarks on Wednesday about the economic impact of the Trump administration's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
President Trump took to social media to lash out at Federal Reserve Chairman Jerome Powell on Thursday, saying his "termination can't come fast enough." Mr. Trump's comments were in response to Powell's warning about the potential consequences of the administration's trade policy. CBS News' Natalie Brand and Kelly O'Grady have more.
Federal Reserve Chair Jerome Powell warned President Trump's trade war could drive up inflation while at the same time causing growth to slow and unemployment to rise. CBS News' Nancy Cordes has more.
President Trump lashed out at Federal Reserve Chair Jerome Powell who warned that the administration's tariff plan could lead to persistent inflation and an economic slowdown. California Gov. Gavin Newsom also announced plans for the state to file a lawsuit challenging the tariffs. CBS News chief White House correspondent Nancy Cordes has the latest updates.
President Trump said that other countries would join the U.S. in sending warships to the Strait of Hormuz, but did not share more specifics.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
The State Department is seeking information on Iran's new supreme leader and nine other "key leaders" in the Islamic Revolutionary Guard Corps.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
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.
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Parts defect affecting Highlander and Highlander Hybrid vehicles can increase the risk of injury, according to a safety notice. Here's what to know.
Within days of their firings, two former federal workers launched a support group for fellow colleagues in the same situation. What started out as 20 people has grown to almost 5,000 members nationwide.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
The Trump administration has proposed the construction of an underground facility to screen visitors to the White House.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
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.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
Another three members of the Iran women's soccer team who accepted refugee visas to stay in Australia have decided to return to their homeland, an Australian government minister said.
His predecessor, Pope Francis, lived in a simple apartment in the Santa Marta guesthouse in the Vatican.
Kharg Island is a small, heavily fortified, and strategically valuable island off Iran's northern coast.
The attack hit four districts, damaging residential buildings, educational institutions and critical infrastructure, officials said.
Hollywood's biggest stars are gearing up for the 98th annual Academy Awards. Here is what to know and how to watch the 2026 Oscars.
Watch scenes from the films nominated for best picture at the 98th annual Academy Awards, as well as interviews with the filmmakers.
The Academy Awards are on Sunday night and Hollywood's biggest stars will be under the watchful eye of the paparazzi. Barry Petersen reports that those who once made a lot of money for their shots are no longer.
Pascal Rostain, one of the last-standing "traditional" paparazzi photographers, talks to "CBS Saturday Morning" about how the industry has changed in a world of smartphones and social media.
Kat Rosenfield, a culture writer for the Free Press, joins "CBS Saturday Morning" to preview the 98th Academy Awards and discuss her new novel, "How to Survive in Woods." The Free Press is a Paramount publication.
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 deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
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.
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.
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 Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
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.
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.
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.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
The suspect in the Michigan synagogue attack died from a self-inflicted gunshot wound, the FBI said at a news conference on Friday. CBS News correspondent Ash-har Quraishi has the latest.
Officials in Michigan gave an update about Thursday's synagogue car ramming attack that the FBI is investigating as a "targeted act of violence against the Jewish community." CBS News national security contributor Sam Vinograd has more.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
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.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Why did a man eat pages from a notebook when facing questions about the murder of a third grade teacher? "48 Hours" correspondent Anne-Marie Green reports.
Since the Department of Homeland Security shut down last month, Transportation Security Administration employees have been working without pay. Travelers around the U.S. saw long lines and delays as the agency grappled with staffing shortages and resignations.
Iranian attacks on tankers and cargo ships have choked the flow of oil and goods through the Strait of Hormuz, a narrow passage connecting Persian Gulf oil producers to global markets. The disruption threatens to drive U.S. gas prices to record highs.
Two former federal workers are turning their firings into a movement to help others. Nikole Killion has their story.
The Academy Awards are on Sunday night and Hollywood's biggest stars will be under the watchful eye of the paparazzi. Barry Petersen reports that those who once made a lot of money for their shots are no longer.