Trump: Interest rates are "artificially high"
President Trump lashed out at the Federal Reserve after the central bank voted to raise interest rates by 0.25 percentage points. CBS News' Aaron Navarro has more.
Kevin Warsh
Farmer unhappy with Trump amid high prices
The Federal Reserve raised interest rates by 0.25 percentage points, defying President Trump's push to cut them. This comes as the Iran war drives up oil prices and inflation remains high. CBS News' Weijia Jiang reports.
Fed raises interest rates amid rising prices
The Federal Reserve raised interest rates for the first time in three years on Wednesday, a sign of concern about rising prices. Meanwhile, the cost of diesel fuel hit a new record on Wednesday, for the eighth day in a row. Nancy Cordes reports on rising prices and Kelly O'Grady has more details on the Fed's decision.
Examining Fed's reasons for raising rates
The Federal Reserve on Wednesday raised interest rates by one-quarter of a percentage point in its first rate increase since 2023. CBS News' Kelly O'Grady and Nancy Cordes report.
9/16: The Takeout with Major Garrett
Federal Reserve unanimously votes to raise interest rates; President Trump stumping for GOP Senate nominee Michael Whatley in North Carolina.
Dow tumbles after first rate hike since 2023
The Dow Jones closed down around 1.2% on Wednesday after the Federal Reserve announced its first interest rate increase since July 2023. CBS News' Kelly O'Grady and Aaron Navarro report.
Watch: Fed chair Kevin Warsh takes questions
Federal Reserve chair Kevin Warsh spoke to reporters Wednesday after interest rates were raised by 0.25 percentage points, the first raise since 2023.
Interest rates raised by 0.25 percentage points
The Federal Reserve voted unanimously Wednesday to raise interest rates by 0.25 percentage points in the first hike since July 2023. CBS News' Kelly O'Grady reports and Jim Baird, CFO for Plante Moran Financial Advisors, joins with analysis.
Previewing Fed's interest rate decision
The Federal Reserve is expected to raise interest rates for the first time in three years on Wednesday. CBS News business contributor Javier David explains more.
Ex-Trump adviser gives economy a B grade
As the midterms draw closer, mortgage rates have hit a new high for 2026, and gas prices are above $4 per gallon. Former Trump economic adviser Stephen Moore joins "The Takeout" to assess the state of the U.S. economy.
Inflation high as Iran war hits 6 months
Federal Reserve Chair Kevin Warsh says the central bank may be forced to act if inflation does not cool. This comes as President Trump's war in Iran crosses the six month mark and his tariff tiff with Canada contributes to higher prices on either side of the border.
Fed will have "work to do" if inflation doesn't fade, Warsh says
Fed chief Kevin Warsh said in a closely watched speech that inflation remains a concern, while praising the broader U.S. economy.
Warsh says inflation is still a concern
Federal Reserve chair Kevin Warsh addressed the U.S. inflation, saying it still remains a concern despite measures taken to navigate higher prices. CBS News' Kelly O'Grady reports.
Inflation is still too high, July data shows
The Federal Reserve may soon consider raising interest rates after new data showed inflation didn't change from June and is higher than expected. CBS News contributor J.D. Durkin has more information.
A quandary for the Fed: Dealing with hot inflation and cool job growth
A sudden slump in hiring has dramatically changed the outlook for the Federal Reserve's September interest rate decision.
U.S. economic growth slows down
U.S. economic growth slowed down in the second quarter of 2026. CBS News business analyst Jill Schlesinger weighs in.
Stocks fall as Fed keeps interest rate steady
Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.
3 Fed members voted to hike interest rates
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, but the decision was not unanimous: three members voted to raise rates by a quarter of a percentage point. CBS News MoneyWatch correspondent Kelly O'Grady joins with analysis.
Dow closes down over 1,000 points
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Federal Reserve meets over interest rates
The Federal Reserve is set to consider whether to raise interest rates amid stubborn inflation pressures and oil price volatility. CBS News contributor J.D. Durkin has more.
Will the Fed increase interest rates?
The Federal Reserve is widely expected to leave interest rates unchanged, but some believe inflation warrants a rate hike. CBS News' Kelly O'Grady has more.
The Federal Reserve meets Wednesday. Could it raise interest rates?
The central bank is widely expected to stand pat on Wednesday, but persistent inflation concerns are reshaping expectations for the rest of 2026.
Global oil prices hover around $90 per barrel
Global oil prices are hovering around $90 per barrel as the U.S.-Iran conflict remains volatile. Meanwhile, the Federal Reserve is set to make an interest rate decision on Wednesday. Madison Mills, a senior AI reporter for Axios, joins with more.
Warsh vows to tackle inflation in first testimony as Fed chairman
Federal Reserve Chairman Kevin Warsh told the House Financial Services Committee that the central bank has "no tolerance for persistently elevated inflation."
Fed chair Kevin Warsh testifies
Federal Reserve Chair Kevin Warsh testified on Capitol Hill about the U.S. economic outlook and took questions about fiscal policy. Taurean Small has more after new data shows inflation cooled in June.
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Trump rejects 7-day plan to reopen Strait of Hormuz
Iran had presented a seven-day plan to reopen the Strait of Hormuz and return to negotiations for a lasting end to the war.
Iranian President Pezeshkian talks about proposal to reopen Strait of Hormuz
Iran's Masoud Pezeshkian says he has visited Iran's supreme leader twice and talked with CBS News' Margaret Brennan about Mojtaba Khamenei's health.
Exclusive
The story behind the first CIA officers in Afghanistan after 9/11
Twenty-five years ago, a Soviet-designed helicopter crossed the mountains of Afghanistan with the first CIA officers sent into the country after 9/11, the opening move in what would later become America's longest war.
Nor'easter brings heavy flooding, major power outages to the East Coast
Tens of millions of people are in the path of the storm, which has canceled flights, concerts and sporting events.
Exclusive
U.S. military lays groundwork for potential action around Cuba
Some units would "possibly [be] needed in 90-120 days," according to an internal Army message reviewed by CBS News.
4 American tourists dead after building explosion in Greece
The mayor of Athens said the explosion was likely caused by a gas leak.
Trump and Xi to set up AI safety channel as military, trade talks continue
The White House said the two leaders agreed on using the term "super intelligence" rather than "artificial intelligence" to describe the technology.
Hurricane Nolo could cause "catastrophic" flooding in Hawaii, forecasters warn
Hurricane Nolo weakened slightly as it began to move away from Hawaii, forecasters said, but it was still expected to lash the Big Island and Maui with heavy rains through the weekend.
FAA investigates software glitch in some Boeing 737 Max jets
The FAA is investigating a software glitch in some Boeing 737 Max jets that could prompt an automated flight guidance system to disengage during an aborted landing.
U.S.
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FAA investigates software glitch in some Boeing 737 Max jets
The FAA is investigating a software glitch in some Boeing 737 Max jets that could prompt an automated flight guidance system to disengage during an aborted landing.
OpenAI agent accessed government website data after going rogue, company reveals
The disclosure comes at a time of heightened concern over AI agents acting outside of human control.
TikTok settles lawsuit over youth safety concerns for at least $100 million
Alabama sued the social media company in 2025, claiming the platform had negative effects on the mental well-being of youths.
Twin doctors who grew up in poverty returned to their hometown to co-run an ER
Drs. Travan and Travis Jasper, identical twins, are co-directors of the emergency department at Chippenham Hospital in Richmond, Virginia, the city where they grew up in poverty.
Nor'easter brings heavy flooding, major power outages to the East Coast
Tens of millions of people are in the path of the storm, which has canceled flights, concerts and sporting events.
MoneyWatch
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TikTok settles lawsuit over youth safety concerns for at least $100 million
Alabama sued the social media company in 2025, claiming the platform had negative effects on the mental well-being of youths.
How GLP-1 weight-loss drugs are changing fast-food menus
Chipotle, McDonald's and Shake Shack are among the restaurant chains revamping their menus as more consumers go on weight-loss drugs.
Ready or not, here come the AI gadgets, from "charms" to smart speakers
Meta, Microsoft and other major tech companies are developing a range of AI products for consumers, from wearables to speakers.
Facebook found liable for deceiving users in Cambridge Analytica case
The two-week trial in New Mexico centered on accusations Facebook deceived users about a data breach.
Soaring U.S. diesel prices slam local communities as fuel costs surge
The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
Politics
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Trump and Xi to set up AI safety channel as military, trade talks continue
The White House said the two leaders agreed on using the term "super intelligence" rather than "artificial intelligence" to describe the technology.
Exclusive
The story behind the first CIA officers in Afghanistan after 9/11
Twenty-five years ago, a Soviet-designed helicopter crossed the mountains of Afghanistan with the first CIA officers sent into the country after 9/11, the opening move in what would later become America's longest war.
Trump cancels nearly $1 billion in spending, a move some lawmakers called illegal
President Trump moved to cancel almost $1 billion in spending that was approved by Congress, marking the second time his administration has employed a rarely used tactic that some lawmakers in both parties have called illegal.
Transcript: Iranian President Masoud Pezeshkian on "Face the Nation with Margaret Brennan"
The following is the transcript of the interview with Iranian President Masoud Pezeshkian airing on "Face the Nation with Margaret Brennan" on Sept. 27, 2026.
Iranian President Pezeshkian talks about proposal to reopen Strait of Hormuz
Iran's Masoud Pezeshkian, who is also a physician, says he has visited Iran's supreme leader twice and talked with CBS News' Margaret Brennan about Mojtaba Khamenei's health.
HealthWatch
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Teen's headache reveals family health risk: "Saving people's lives"
Minutes into a run, Caroline McCaffrey was struck with a massive headache. The resulting medical journey would reveal a family risk for a dangerous condition.
Will an FDA crackdown curb access to cheaper GLP-1 weight-loss drugs?
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
World
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Russian foreign minister accuses Europe of blocking Ukraine peace talks
Both Moscow and Kyiv have stepped up attacks after the deadliest summer since 2022 — the year Russia launched its invasion of Ukraine.
Trump and Xi to set up AI safety channel as military, trade talks continue
The White House said the two leaders agreed on using the term "super intelligence" rather than "artificial intelligence" to describe the technology.
Fears of serial killer rise in South Africa after body of 10th woman found
Police have identified similarities in some of the killings but said they had not found conclusive evidence that the same person or people were responsible.
Massive crowd of worshippers in France attend Mass during Pope Leo visit
The Vatican estimated that 800,000 people came out for the Mass.
Exclusive
The story behind the first CIA officers in Afghanistan after 9/11
Twenty-five years ago, a Soviet-designed helicopter crossed the mountains of Afghanistan with the first CIA officers sent into the country after 9/11, the opening move in what would later become America's longest war.
Entertainment
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Entertainment
Karina Rykman plays "Shoegaze Summer"
New York City native Karina Rykman has earned accolades for her unmissable live act. The singer-songwriter and bassist recently celebrated the release of her new studio album, "Late Checkout," at Zabar's, becoming the first band to play at the iconic Upper West Side delicatessen. Here's Karina Rykman with "Shoegaze Summer."
Karina Rykman plays "Easy, Rider"
New York City native Karina Rykman has earned accolades for her unmissable live act. The singer-songwriter and bassist recently celebrated the release of her new studio album, "Late Checkout," at Zabar's, becoming the first band to play at the iconic Upper West Side delicatessen. Here's Karina Rykman with "Easy, Rider."
Karina Rykman plays "Late Checkout"
New York City native Karina Rykman has earned accolades for her unmissable live act. The singer-songwriter and bassist recently celebrated the release of her new studio album, "Late Checkout," at Zabar's, becoming the first band to play at the iconic Upper West Side delicatessen. Here's Karina Rykman with title track "Late Checkout."
Stavros Halkias is "kind of a comedy nerd"
Comedian Stavros Halkias speaks with Nate Burleson about his latest standup special, his hit show "Tires," his role in the Anthony Bourdain biopic, "Tony," and more.
Highlights magazine celebrates 80 years
For decades, children have sent Highlights magazine their drawings, poems, questions and concerns. Now Highlights is turning 80. We took a look back at the beloved magazine's history.
Technology
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Technology
FAA rolls out new AI flight software
The Federal Aviation Administration is rolling out new air traffic control software that uses artificial intelligence as a prediction tool. This comes as more than half of Americans worry that AI models could act on their own to cause harm, accord to a CBS News survey. Kris Van Cleave has the story.
Pope Leo visits France
Pope Leo XIV traveled to France, the first papal visit in nearly 20 years. Chris Livesay reports.
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.
TikTok settles lawsuit over youth safety concerns for at least $100 million
Alabama sued the social media company in 2025, claiming the platform had negative effects on the mental well-being of youths.
Court sides with Pentagon in Anthropic case
The growing concerns over the safety of artificial intelligence and the speed of its development have many calling for government regulation. Recently, President Trump said he plans to appoint an adviser and create an AI force. J.B. Branch, director of federal AI governance and technology policy at Public Citizen, joins CBS News to discuss.
Science
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Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
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Tasia Fortune's hanging was "staged" after her death, police say
Authorities haven't disclosed the exact cause of Fortune's death, but they did rule it a homicide and have arrested two men.
Latest in trial of "American Idol" contestant
Former "American Idol" contestant and music pastor Caleb Flynn stands accused of murdering his wife. His former mistress, Alleigha Botner, testified in the trial. CBS News' Ian Lee has more details.
Minnesota sailor returns from USS Lincoln duty to find apartment ransacked
A Minnesota native who had been serving aboard the USS Abraham Lincoln for nearly 10 months came home to an upsetting surprise.
Pittsburgh doctor killed while he slept remembered as "a true angel on Earth"
Dr. Idris Evans, the Pittsburgh doctor killed in a violent home invasion, is being remembered for his kindness and compassion.
"American Idol" alum's ex-mistress testifies
Former "American Idol" contestant Caleb Flynn is on trial for allegedly killing his wife and staging an elaborate crime scene. Flynn's former mistress testified at the trial. Ian Lee has the latest details.
Space
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NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
The brain benefits of Mahjong
Mahjong is having a moment, drawing a new generation of fans who are joining clubs and getting into the game. And a growing body of research suggests it could benefit your brain later in life. Bradley Blackburn explains.
Suicide survivor on mission to help others
New research is shedding light on suicide prevention and possible techniques to help people in crisis. During this suicide prevention awareness month, Natalie Brand spoke to a survivor on a mission to help others.
Why America's cars have lost their color
If you take a look around on the road these days, you may notice cars seem a lot less colorful. Bright blues, reds, and yellows have increasingly given way to black, white, and silver. CBS News' Evyn Moon looks at why America's cars have lost their color.
Karina Rykman plays "Shoegaze Summer"
New York City native Karina Rykman has earned accolades for her unmissable live act. The singer-songwriter and bassist recently celebrated the release of her new studio album, "Late Checkout," at Zabar's, becoming the first band to play at the iconic Upper West Side delicatessen. Here's Karina Rykman with "Shoegaze Summer."