Trump calls Fed chair a "fool" for keeping interest rates steady
The President's criticism comes a day after the Federal chair said the time isn't yet right for a rate cut.
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The President's criticism comes a day after the Federal chair said the time isn't yet right for a rate cut.
President Trump is still insulting Federal Reserve Chair Jerome Powell on social media. This comes after Powell's latest decision to leave interest rates unchanged. CBS News contributor Javier David has more.
The Federal Reserve left its benchmark interest rate unchanged. Jo Ling Kent reports.
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
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.
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.
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.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
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 called off the planned execution of Tony Carruthers on Thursday, his attorney said.
GOP Rep. Brian Fitzpatrick and Democratic Rep. Tom Suozzi introduced a bill to ban the use of federal money for paying out claims under the Justice Department's new "anti-weaponization" fund.
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.
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.
"The Late Show" host Stephen Colbert is marking the end of an iconic late-night franchise on CBS.
The sister of the head of a company that is accused of having close ties to Cuban government operations has been arrested in Miami, federal authorities announced.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
Little St. James in the Virgin Islands has attracted seekers lured by tales of Jeffrey Epstein's private island.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Whether Zelenskyy had in fact uttered the line "I need ammunition — not a ride" was disputed by the Biden administration when I reported it. Now, the Ukrainian leader has confirmed he said it.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in three years.
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.
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Americans are expected to wager more than $3 billion amid the expansion of legalized sports betting in the U.S.
The sister of the head of a company that is accused of having close ties to Cuban government operations has been arrested in Miami, federal authorities announced.
Michael Cohen, a Trump lawyer-turned-critic, is planning to apply for money from the Justice Department's new "anti-weaponization fund," he told CBS News.
Whether Zelenskyy had in fact uttered the line "I need ammunition — not a ride" was disputed by the Biden administration when I reported it. Now, the Ukrainian leader has confirmed he said it.
GOP Rep. Brian Fitzpatrick and Democratic Rep. Tom Suozzi introduced a bill to ban the use of federal money for paying out claims under the Justice Department's new "anti-weaponization" fund.
The Justice Department has sued 30 states and Washington, D.C., in an effort to gain access to their complete voter registration lists.
A new weight-loss drug, so new it is not on the market yet, is showing promising results in trials, doing much more than what current medications can. Dr. Jon LaPook breaks it down.
The U.S. is stepping up efforts to prevent Ebola from entering the country through its airports, with one flight diverted to Canada on Wednesday evening. Ian Lee reports from Detroit.
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Health and fitness influencers are pushing people to consume more fiber. Keri Glassman, Nutritious Life founder and CEO, joins with her take.
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Little St. James in the Virgin Islands has attracted seekers lured by tales of Jeffrey Epstein's private island.
Dr. Peter Stafford was working with the missionary group Serge in Congo when he was infected with Ebola.
Finnish divers found the Italians in a corridor with a dead end inside the cave complex, Italy's la Repubblica daily reported.
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.
A record 274 climbers scaled the Nepal side of Mount Everest in a single day, officials said. They took advantage of clear weather.
Throughout the airing of "Survivor 50," castaways joined "CBS Mornings" to discuss their time on the show. In this marathon, relive the twists and turns and hear from all 24 contestants about what it was like to be a part of the 50th season.
Aubry won the record $2 million prize for earning 8-of-11 votes in Wednesday night's finale of "Survivor 50."
"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.
(Warning: spoiler alert!) The "Survivor 50" final five contestants join Gayle King to discuss the season finale.
(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.
As thousands evacuate their homes in Southern California to flee the Sandy Fire, Ring doorbell and security cameras are helping residents and emergency crews stay informed and stay safe. Ring founder Jamie Siminoff joins CBS News to discuss the Fire Watch feature.
A recent opinion piece in The New York Times spotlighted the impact of artificial intelligence on the 2026 graduating class at one of the world's most prestigious universities. The author, Stanford student Theo Baker, joins to discuss.
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.
AI tools that autonomously perform tasks for users mark a major step forward from chatbots, according to tech experts.
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.
The 2026 Atlantic hurricane season is quickly approaching, and the National Oceanic and Atmospheric Administration is releasing its forecast for what to expect.
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
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.
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
Little St. James in the Virgin Islands has attracted seekers lured by tales of Jeffrey Epstein's private island.
Tennessee called off the planned execution of Tony Carruthers on Thursday, his attorney said.
A judge has dismissed all charges against a former school administrator accused of ignoring warnings about a 6-year-old with a gun.
The body of 22-year-old Roberta Walls was found in a field in Virginia Beach on the morning of May 15, 1986.
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.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
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.
New U.S. travel restrictions imposed over Ebola outbreak; fallout continues over DOJ's "anti-weaponization fund."
Americans might hear a bugle playing a piece called taps each Memorial Day. Tony Dokoupil has the story about an effort to guarantee that all veterans, when they die, are properly honored with it.
SpaceX has scrubbed a Thursday test launch of the latest version of its Starship rocket. CBS News space consultant Bill Harwood has the details.
A new weight-loss drug, so new it is not on the market yet, is showing promising results in trials, doing much more than what current medications can. Dr. Jon LaPook breaks it down.
Over the decades, radio's listeners drifted to television, podcasts and streaming. On Friday, CBS News Radio will sign off for the last time. Mark Strassmann takes a look back at the institution.