Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Jerome Powell
Federal Reserve maintains its benchmark interest rate at June meeting
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed leaves interest rates unchanged
The Federal Reserve held interest rates steady again on Wednesday, despite pressure from President Trump to cut rates. CBS News business analyst Jill Schlesinger reports.
The Fed is making a rate decision today. Here's what to expect.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Trump says Fed Chair is "not a smart person"
President Trump said that Federal Reserve Chair Jerome Powell is "not a smart person" ahead of Wednesday's interest rate decision. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Fed set to decide interest rates
The Federal Reserve is set to announce what's next for its benchmark interest rate on Wednesday. CBS News business contributor Javier David joins "CBS Morning News" with more on what to expect.
Trump blasts protesters involved in violence
President Trump signed a bill on Thursday that blocks California's ban on the sale of gas cars. Mr. Trump then answered questions about the anti-ICE protests in Los Angeles, the state of U.S.-Iran nuclear talks and more. CBS News' Olivia Rinaldi has more details.
Trump takes questions at bill signing
President Trump took questions on a few different subjects during a bill signing at the White House on Thursday. CBS News White House reporter Aaron Navarro has more.
Key takeaways from May jobs report
The May jobs report showed 139,000 jobs were added in the last month. President Trump reacted favorably to the news but criticized Federal Reserve Chair Jerome Powell, urging him to slash interest rates. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the job report numbers, while CBS News' Natalie Brand has the latest updates from the White House.
Trump urges Powell to cut interest rates
Private employers added just 37,000 jobs last month, less than expected. In response, President Trump urged Jerome Powell and the Federal Reserve to lower interest rates. CBS News business analyst Jill Schlesinger breaks down what to know.
2/4/2024: Chairman Powell; A Hole in the System; The Mismatch
First, Fed Chair Jerome Powell: The 2024 60 Minutes Interview. Then, a report on the growing number of Chinese migrants crossing into the U.S. at the southern border. And, a look at how a sports betting boom is fueling concerns over problem gambling.
ADP employment report shows hiring slowdown
ADP's May employment report, released on Wednesday, suggests that the labor market is weakening. CBS News MoneyWatch correspondent Kelly O'Grady unpacks the data and what it could mean for the U.S. economy.
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.
Will the Fed raise interest rates again?
Federal Reserve Chairman Jerome Powell shares his outlook on the U.S. economy and tells 60 Minutes whether or not another interest rate hike is on the horizon
Powell says the president can't fire him
Jerome Powell tells "60 Minutes" he fully intends to serve his four-year term.
Are American banks safe today?
In the 2008 Great Recession, taxpayers were forced to bail out reckless Wall Street excess. Scott Pelley asks Fed Chair Jerome Powell: How safe are banks today?
How the opioid crisis affects the economy
Jerome Powell tells 60 Minutes about the factors that have led the United States to have a lower labor force participation rate than almost every other advanced country
The Fed, 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.
Fed Chair Powell on income disparity
Powell tells "60 Minutes" how the Fed can help combat low mobility and income stagnation.
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.
Fed's preferred gauge shows inflation cooling
New economic data released on Friday showed higher U.S. personal income, a softening of inflation and lower trade deficits. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Trump met with Fed chair Powell
President Trump met with Federal Reserve Chair Jerome Powell at the White House as the nation navigates prolonged inflation and a period of economic uncertainty. CBS News chief White House correspondent Nancy Cordes has more details.
Walmart price hike highlights tariff impact
Walmart's CEO warned Thursday morning that the world's biggest retailer will have to start raising prices later in May due to the high cost of tariffs. CBS News contributor J.D. Durkin joins "America Decides" with analysis from the New York Stock Exchange.
Fed warns of higher long-term interest rates
Federal Reserve Chair Jerome Powell warned about the possibility of higher long-term interest rates amid more frequent "supply shocks." CBS News business contributor Javier David breaks it down.
Is Trump's $1.7 billion "anti-weaponization fund" legal? Experts weigh in.
The new fund to provide payouts to those who say the legal system was "weaponized" against them raised immediate questions about its legality, implementation and enforcement.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney, Maria DeLiberato, told The Associated Press.
Minnesota fraud ringleader Aimee Bock gets over 40 years in prison
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
Colbert hosts "The Late Show" one last time tonight as franchise ends
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
U.S.-bound flight diverted over passenger from Congo amid Ebola restrictions
An Air France flight from Paris to Detroit was forced to divert to Montreal due to U.S. flight restrictions linked to the Ebola outbreak.
U.S.
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Consumers are still spending, but cracks are starting to show
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
7th and 8th judges rebuff Justice Dept.'s attempts to get voter rolls from states
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
"Arc de Trump" design plan approved, without lions on the base
The commissioners, all appointed by Trump, acted despite overwhelming public opposition to the 250-foot arch.
Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
MoneyWatch
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Consumers are still spending, but cracks are starting to show
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
Summer air travel could be rough. Here's how travelers can prepare.
A new report finds that on-time flight arrivals are at their worst level since 2014, with fuel costs and weather adding to summer travel risks.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
World Cup expected to generate more in sports bets than the Super Bowl
Americans are expected to wager more than $3 billion amid the expansion of legalized sports betting in the U.S.
These are retirees' 5 biggest financial fears
Retirees say inflation, health care costs and market volatility are threatening their financial security.
Politics
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7th and 8th judges rebuff Justice Dept.'s attempts to get voter rolls from states
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
Congress delays reconciliation votes amid GOP opposition to new DOJ fund
The House and Senate will both leave Washington for their Memorial Day recess without voting on a reconciliation package to fund federal immigration agencies.
Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
DNC releases long-awaited autopsy on 2024 election
The Democratic National Committee released a long-awaited autopsy on the 2024 election that party chair Ken Martin has kept under wraps for months.
Exclusive
DOJ onboards largest-ever class of immigration judges in deportation push
The additions come after the ouster of dozens of immigration judges across the country by the Trump administration over the past year.
HealthWatch
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U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Is "fibermaxxing" good for your health?
Health and fitness influencers are pushing people to consume more fiber. Keri Glassman, Nutritious Life founder and CEO, joins with her take.
Vanessa Trump announces cancer diagnosis
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Noah Wyle's push to help healthcare workers
Noah Wyle, who stars in HBO's "The Pitt," joins "CBS Mornings" with Dr. Elisabeth Potter to discuss their push to improve mental health and quality of life for healthcare workers.
Deadly measles outbreak in Bangladesh fuels concern over risks for U.S.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
World
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U.S. doctor with Ebola feared he "wasn't going to make it" before evacuation
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Divers killed in Maldives cave may have taken wrong tunnel: "No way out"
Finnish divers found the Italians in a corridor with a dead end inside the cave complex, Italy's la Repubblica daily reported.
Ukraine ups security as Russia holds nuclear strike drills with Belarus
Russia says "nuclear munitions" sent to Belarus for joint drills in the country that Moscow used as a launchpad for its 2022 invasion of Ukraine.
Record 274 climbers scale Nepal's side of Mount Everest in single day
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Live
Iran mulls latest U.S. proposal as Trump says war is in "final stages"
Iran says it's considering the latest U.S. peace offer, as President Trump says he's willing to wait "a couple of days" for a response.
Entertainment
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"Survivor 50" finalists discuss strategy, how they planned to win
Aubry won the record $2 million prize for earning 8-of-11 votes in Wednesday night's finale of "Survivor 50."
"Survivor 50" players on game strategies
"Survivor" host Jeff Probst joins Gayle King and the top five contestants from "Survivor 50" after the jury crowned a winner in the legendary game.
Survivor 50 winner describes show experience
(Warning: spoiler alert!) The "Survivor 50" final five contestants join Gayle King to discuss the season finale.
"Survivor 50" winner crowned
(Warning: spoilers ahead!) The "Survivor 50" winner has been crowned after a monumental season featuring some of the best in the game. Gayle King breaks down the wild finale.
"Peanuts" music owner sues U.S. government over use of iconic songs
Lee Mendelson Film Productions alleges the U.S. Department of the Interior illegally used the jazzy tunes in social media posts and a video game.
Technology
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Trump postponing AI executive order "because I didn't like what I was seeing"
President Trump said he doesn't want to "do anything that's going to get in the way" of leading the world on the technology.
Meta's massive layoffs
Meta is cutting thousands of jobs as the company invests in artificial intelligence. Business Insider's Hugh Langley joins CBS News with more 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.
What Nvidia's Q1 earnings say about AI race
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
Google announces AI-focused search bar revamp
Artificial intelligence is prompting Google to change its iconic search bar for the first time in more than 25 years. Mashable tech editor Tim Werth joins CBS News to discuss.
Science
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NOAA's 2026 Atlantic hurricane season outlook announced
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
Crime
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Tennessee stops execution after failing to find vein for lethal drugs
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
Charges dismissed for ex-official at school where 6-year-old shot teacher
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
Arrest made in Connecticut 40 years after woman's murder in Virginia
The body of 22-year-old Roberta Walls was found in a field in Virginia Beach on the morning of May 15, 1986.
TikTok star charged in alleged murder plot
A TikTok star and her father were charged for allegedly plotting to kill the father of her daughter, boy band singer Jack Avery, by paying in bitcoin and using the dark web and coded messages. Jonathan Vigliotti has the details.
Feeding Our Future fraud ringleader Aimee Bock sentenced to 41+ years
Aimee Bock, the convicted ringleader of the $250 million Feeding Our Future fraud scheme in Minnesota, was sentenced to more than 40 years in prison on Thursday.
Space
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SpaceX ready to launch more powerful Super Heavy-Starship
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
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
Comer on interview with Epstein assistant
House Oversight Committee chairman James Comer told reporters Thursday that Jeffrey Epstein's former personal assistant, Sarah Kellen, gave three new names of "people that were involved in abuse."
DNC releases 2024 election autopsy
The Democratic National Committee has released a long-awaited "autopsy" report on the 2024 presidential election. CBS News' Fin Gómez reports.
Rosa María Payá on Raúl Castro indictment
Cuban human rights activist Rosa María Payá joins CBS News 24/7 with her reaction to this week's indictment of Raúl Castro and what comes next for Cuba.
Trump postpones AI cybersecurity order
President Trump on Thursday said he was postponing the signing of an executive order on artificial intelligence cybersecurity. CBS News senior White House correspondent Weijia Jiang reports.
Trump on SCOTUS birthright citizenship case
President Trump spoke to reporters in the Oval Office on Thursday and blasted the Supreme Court over its decision on his tariff policy. This comes as Americans await a massive ruling on Mr. Trump's bid to end birthright citizenship. CBS News' Aaron Navarro reports.