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.
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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.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
The USS Gerald R. Ford aircraft carrier is expected to leave the Middle East in the coming days, a U.S. official confirmed to CBS News.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
As part of his four-day trip to the U.S. to commemorate America's 250th birthday, King Charles III is taking part in a series of events in New York City.
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
TSA is trying to encourage young travelers to enroll in its PreCheck program before summer travel kicks off.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
An Indian man dug up his sister's body and carried it to a bank branch to prove she was dead after being refused access to her account without a death certificate, the lender says.
Federal investigators have also determined that the suspected gunman, 31-year-old Cole Allen, fired his shotgun, the sources said.
Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the no-frills carrier have stalled, sources say.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
Ukraine has perfected demining techniques in the Black Sea over four years of war against Russia.
An army survey of the seabed uncovered the 16th-century merchant ship by chance in waters off the coast of France.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
Nine people were arrested in raids on the U.K. headquarters of the AROPL religious sect, on suspicion of modern slavery, forced marriage and sexual offenses.
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Elon Musk took the stand Tuesday in a trial against fellow billionaire Sam Altman that could change the future of AI. Musk accused the OpenAI co-founder of lying and stealing, adding that he has "extreme concerns" about AI and who controls it.
OpenAI boss Sam Altman recently apologized after a teen who went on to kill eight people was banned from ChatGPT for violent activities but police were never alerted.
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.
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
San Francisco-based sexual wellness company OneTaste is lobbying for clemency through allies of President Trump for its former CEO and founder, Nicole Daedone, and former head of sales Rachel Cherwitz, who were both sentenced to more than five years in prison for forced labor conspiracy. CBS News' Shanelle Kaul has more.
Nine people were arrested in raids on the U.K. headquarters of the AROPL religious sect, on suspicion of modern slavery, forced marriage and sexual offenses.
A gunshot fired during the Secret Service encounter with Cole Allen at the White House Correspondents' Dinner on Saturday may have hit an officer's cellphone placed in a bulletproof vest pocket, two sources tell CBS News' Nicole Sganga.
A man is in custody after two people were stabbed at a Jewish neighborhood of North London, according to British authorities. CBS News' Ramy Inocencio reports.
Robert McDonald, a retired supervisory agent at the U.S. Secret Service, joins CBS News with his take on the security protocols during the White House Correspondents' Dinner.
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
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.
The Supreme Court struck down Louisiana's congressional map on Wednesday, weakening the landmark 1965 Voting Rights Act. CBS News chief legal correspondent Jan Crawford has more.
President Trump hosted the Artemis II astronauts at the White House on Wednesday and answered reporters' questions on several topics. CBS News White House reporter Aaron Navarro joins with analysis following the president's remarks.
Jerome Powell held his last news conference as Federal Reserve chair on Wednesday, announcing his intention to stay on the central bank's board as a governor "for a period of time to be determined" following the end of his term.
Former FBI Director James Comey appeared in federal court on Wednesday after the Justice Department charged him with threatening President Trump's life. CBS News legal reporter Katrina Kaufman has the details.
The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.