Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Kevin Warsh
Expert: Warsh has "difficult job in front of him"
President Trump on Friday hosted a swearing-in ceremony for the new Federal Reserve Chair, Kevin Warsh. Jon Hilsenrath, visiting scholar at Duke University, joins with analysis on what Warsh will face in the coming months.
Kevin Warsh sworn in as new Fed chair
Kevin Warsh was sworn in as the new Federal Reserve chair on Friday, replacing Jerome Powell. During the ceremony, President Trump insisted Warsh will remain independent as he navigates inflation and other U.S. economic concerns. CBS News' Ed O'Keefe and Emily Pandise report.
Powell's legacy as Federal Reserve chair
Federal Reserve Chair Jerome Powell's last day comes after a tense tenure through a pandemic, economic turmoil and a rocky relationship with President Trump. CBS News' Emily Pandise reports.
Powell's tenure ends as Federal Reserve chair
Kevin Warsh is expected to take over as chair of the Federal Reserve as Jerome Powell concludes his tenure. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more.
Why Fed kept rates same for third consecutive time
For its third consecutive meeting, the Federal Reserve left its benchmark interest rate unchanged. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Powell staying on Fed board after term ends
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.
Federal Reserve holds interest rates steady
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.
Will the Fed cut rates? Here's what to expect at Wednesday's meeting.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
Tillis says he's ready to move forward with Warsh's nomination for Fed chair
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
Why is the DOJ dropping its Powell probe?
The Justice Department has dropped its criminal probe into Federal Reserve Chair Jerome Powell. The investigation was connected to the estimated $2.5 billion price tag for renovations on the Federal Reserve's headquarters in Washington, D.C. CBS News' Katrina Kaufman reports.
End of DOJ Powell probe could clear way for Warsh
The Justice Department has dropped its criminal investigation into outgoing Federal Reserve Chair Jerome Powell over the central bank's renovation. The move clears a key hurdle for President Trump's pick to replace Powell, Kevin Warsh. CBS News congressional correspondent Nikole Killion reports.
4/24: The Takeout with Major Garrett
Second round of U.S.-Iran peace talks expected this weekend; U.S. soldier charged for allegedly using confidential info to bet on Maduro's removal.
Tillis: "Hard to tell" where U.S. is in Iran war
Wednesday marks 53 days since the U.S. launched the war with Iran. Republican Sen. Thom Tillis of North Carolina joins "The Takeout" to discuss the state of the conflict and more.
Kevin Warsh on Fed independence
President Trump's nominee to head the Federal Reserve assured lawmakers on Tuesday that he would maintain strict independence. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more.
Key moments at Warsh confirmation hearing
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
What led to Cherfilus-McCormick's resignation?
Democratic Rep. Sheila Cherfilus-McCormick of Florida resigned from Congress on Tuesday ahead of a House Ethics Committee hearing to decide how to sanction her for more than two dozen campaign finance-related violations. CBS News congressional reporter Taurean Small has more.
Kevin Warsh testifies that the Fed will remain "strictly independent"
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Who will run the Federal Reserve if the Senate doesn't confirm Trump's pick?
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
Early takeaways from Kevin Warsh hearing
Kevin Warsh, President Trump's nomination for chair of the Federal Reserve, told senators Tuesday that the central bank would remain "strictly independent." CBS News' Taurean Small reports on the hearing.
Warsh asked about Lisa Cook firing
During questioning from Democratic Sen. Angela Alsobrooks, Kevin Warsh declined to weigh in on President Trump's attempt to fire Lisa Cook from her position on the Federal Reserve Board of Governors, a case that is now before the Supreme Court. "The Fed should stay in its lane," Warsh said.
Warsh denies Trump asked for interest rate cuts
Sen. Ruben Gallego pressed Kevin Warsh again about whether President Trump asked him to commit to lowering interest rates if he was nominated to lead the Federal Reserve. Warsh reiterated that the president never asked him to "commit to any such thing."
Warsh on state of U.S. economy
Kevin Warsh, President Trump's nominee for Federal Reserve chairman, explained why he believes the potential of the U.S. economy is improving despite low job growth.
Kevin Warsh denies he will be "sock puppet"
Kevin Warsh told GOP Sen. John Kennedy that he will not be President Trump's "human sock puppet" and will remain fully independent if he's confirmed as the chairman of the Federal Reserve.
Live
Iran says U.S. violating ceasefire as Trump seeks "good deal or no deal"
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
Deaths reported after chemical tank implodes at Washington mill
Nippon Dynawave Packaging Co. and local law enforcement said the tank's rupture caused "multiple critical injuries" as well as fatalities.
Exclusive
DHS memo directs ICE to ramp up asylum-related fraud cases
A top DHS official directed ICE attorneys to aggressively pursue administrative fraud cases against immigration lawyers accused of filing false asylum claims.
Infrared camera on sailboat may hold clues in Lynette Hooker investigation
CBS News has learned the sailboat used by Brian and Lynette Hooker before her disappearance in the Bahamas had an infrared camera capable of detecting heat radiation.
Court blocks Alabama congressional map, saying state discriminated by race
The three-judge district court panel ordered Alabama to use a congressional map with two majority-Black districts in the upcoming midterm elections.
Here's what to watch for in the Texas primary runoff election today
Sen. John Cornyn is facing off against Texas Attorney General Ken Paxton, who received President Trump's endorsement.
South Carolina Senate rejects Trump's call to redraw congressional map
The South Carolina Senate has rejected President Trump's push to redraw the state's congressional districts in hopes Republicans could gain an extra seat.
Trump administration proposes NDAs for all federal employees to curb leaks
The Trump administration plans to crack down on press leaks by requiring new and existing federal employees to sign NDAs.
Here's what the draft memo for a proposed deal with Iran includes
A draft memorandum includes a 60-day ceasefire extension and the halt of fighting on all fronts, sources say.
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2 Navy pilots safely eject after training jet crashes in Mississippi
The T-45C Goshawk, a tandem seat aircraft designed to train Navy and Marine Corps pilots, crashed on private farmland in Noxubee County, Mississippi.
NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
BP ousts recently appointed chair over "conduct issues"
The board upheaval comes less than a year after BP appointed Albert Manifold to the role.
Meet the 2026 World Cup U.S. Men's National Team
The squad was announced during an event in New York City on Tuesday after U.S. Men's National Team manager Mauricio Pochettino spent months evaluating players to finalize the roster.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
MoneyWatch
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BP ousts recently appointed chair over "conduct issues"
The board upheaval comes less than a year after BP appointed Albert Manifold to the role.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Sponsored
Planning to start your own business? Consider these key tips.
Launching a business can be thrilling, but it pays to plan ahead to maximize your chances of success. Here's what to consider (sponsored by AT&T).
Stocks mixed as investors shrug off renewed fighting in Iran
Oil prices were also mixed after U.S. strikes on Iranian forces, underscoring the risks still hanging over markets and consumers.
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Politics
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SPLC seeks dismissal of criminal charges, saying prosecution is vindictive
The Southern Poverty Law Center asked a federal judge to dismiss the criminal charges filed against it by the Justice Department, saying the indictment represents a "top-down, retributive campaign" directed by President Trump.
Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.
Trump administration proposes NDAs for all federal employees to curb leaks
The Trump administration plans to crack down on press leaks by requiring new and existing federal employees to sign NDAs.
South Carolina Senate rejects Trump's call to redraw congressional map
The South Carolina Senate has rejected President Trump's push to redraw the state's congressional districts in hopes Republicans could gain an extra seat.
Supreme Court rejects Florida suit against other states over immigrant truck drivers
Florida sought to sue Washington and California for allegedly issuing commercial driver's licenses to undocumented immigrants.
HealthWatch
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Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Second Ebola treatment center set on fire in epicenter of disease's outbreak
Angry residents of a town at the epicenter of the Ebola outbreak in eastern Congo attacked and burned a tent that was part of a health center where people are being treated for the virus.
The latest details on the Ebola outbreak
Officials have increased the number of countries in Africa at risk for Ebola from three to 10. A third entry point is open for Americans traveling from certain high-risk countries back into the U.S. Holly Williams reports.
What to know about the chemical tank in California that forced evacuations
The tank at GKN Aerospace is estimated to contain 7,000 gallons of methyl methacrylate, a volatile chemical used to produce plastics.
Ebola kills 3 Red Cross workers in the Congo, organization says
The three workers, who fell ill in March and died in May, were "among the first known victims of the outbreak," the Red Cross said.
World
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U.S.-wanted nephew of drug lord "El Chapo" is captured in Mexico
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Trump moves Cabinet meeting from Camp David to White House due to weather
All Cabinet members, including outgoing Director of National Intelligence Tulsi Gabbard, were expected to attend the Camp David meeting, a White House official told CBS News.
Iran hangs man over alleged spying for Israel as executions mount
Iran's judiciary described Gholamreza Khani Shakarab as "one of the operational ringleaders of Mossad abroad."
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Live
Iran says U.S. violating ceasefire as Trump seeks "good deal or no deal"
As Iran accuses the U.S. of a "grave violation" of the fragile ceasefire, Rubio says a deal is still possible despite the latest clash.
Entertainment
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Entertainment
Estelle on her latest album "Stay Alta"
Grammy Award-winning artist Estelle released her sixth studio album, titled "Stay Alta," and joins CBS News 24/7 Mornings to reflect on her career and discuss what this record means for her.
Josh Johnson on new special, career in comedy
Comedian Josh Johnson talks with "CBS Mornings" about finding humor in everyday life, how storytelling is at the center of his jokes and his first HBO special, "Symphony."
BTS wins big at the American Music Awards
The American Music Awards honored the influence of K-pop during its 2026 celebration. Pop music journalist Brittany Spanos joins CBS News Mornings with more.
Top moments from the American Music Awards
There were 12 new categories this year at the American Music Awards, which were held on Memorial Day. For the second time at the awards show, BTS took home the night's biggest prize.
Extended interview: Josh Johnson
Comedian Josh Johnson talks to CBS News' Vladimir Duthiers about his journey from becoming a writer to a correspondent and host on "The Daily Show," his new special, "Josh Johnson: Symphony" on HBO Max, how his family influenced his comedy and more.
Technology
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Technology
Study evaluates AI's accuracy on news
More than 1 billion people worldwide use artificial intelligence chatbots, but just how accurate are the answers? Forum AI released results from its latest study to determine the accuracy of chatbots in news and current events. Robbie Goldfarb, co-founder of Forum AI, joins CBS News to discuss.
How the U.S. military is using AI in warfare
CBS News' Chris Livesay gets an inside look at how the U.S. military is using artificial intelligence on the battlefield.
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.
Pope Leo's AI warning rocks tech industry
Pope Leo XIV warns of the dangers of artificial intelligence in his first encyclical. CBS News' Chris Livesay reports.
Pope Leo calls for "disarming" of AI in technology-focused encyclical
In his "Magnifica Humanitas" encyclical, Pope Leo warns that as civilization grapples with the power of AI, the main challenge is remaining "profoundly human."
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New species of blue octopus discovered 5,900 feet underwater
The new species, named Microeledone galapagensis, has a blue hue, which is believed to be the rarest color in nature.
What we know about new UFO file release
The Pentagon has released another batch of never-before-seen files on reported UFO sightings. CBS News senior national security correspondent Charlie D'Agata reports.
Atlantic hurricane season is coming up. Here's what NOAA predicts.
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.
Crime
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U.S.-wanted nephew of drug lord "El Chapo" is captured in Mexico
The nephew of notorious Mexican drug lord Joaquin "El Chapo" Guzman is sought by U.S. authorities, officials said.
Mango clothing chain founder Isak Andic's son denies killing him
Jonathan Andic, son of the Mango clothing empire's founder, has denied the accusation that he murdered his father.
Wander Franco found criminally responsible for abusing minor, avoids jail time
A Dominican judge has ruled that Tampa Bay Rays shortstop Wander Franco is criminally responsible for the sexual and psychological abuse of a minor but will not serve a sentence.
Latest on shooting near White House
21-year-old Nasire Best, the suspect linked to a shooting near the White House on Saturday, previously tried to gain access to the White House and may have had mental health issues, according to law enforcement sources and court documents. CBS News' Nicole Sganga reports.
Suspects wanted by FBI for robbing athletes' homes arrested in Chile
The thieves stole jewelry, high-end watches and souvenirs such as sports jerseys, among other belongings, police said.
Space
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NASA's moon base plans include landers, buggies and drones for 2028 mission
Jeff Bezos' Blue Origin, Astrolab, Lunar Outpost and Firefly Aerospace are awarded with hundreds of millions of dollars in NASA contracts for the first phase of its moon base plans.
China launches spacecraft with astronaut set to remain in space for a year
China has launched the Shenzhou 23 spacecraft with three astronauts heading to its space station.
SpaceX launches more powerful Super Heavy-Starship rocket
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
SpaceX launch of more powerful Super Heavy-Starship rocket scrubbed at last minute
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX to explore "the true nature of the universe" as it plans IPO
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
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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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Construction begins for UFC White House fight
Construction is underway at the White House for a UFC cage match on President Trump's birthday in June. Political strategists Kendra Barkoff Lamy and Terry Sullivan join to discuss.
Trump has third medical exam of the past year
President Trump said his health "checked out perfectly" after a medical checkup on Tuesday. Nancy Cordes reports.
Ring camera video captures Michigan explosion
In western Michigan, an overnight explosion destroyed a home and a car in a driveway. Police said one man was found dead, and a neighbor suffered burns from helping a woman who is now in critical condition. Ash-har Quraishi reports from the scene and has doorbell camera footage.
DHS sets sights on immigration lawyers
According to a memo obtained by CBS News, the Department of Homeland Security is directing attorneys who work with ICE to pursue fraud cases against immigration lawyers. CBS News homeland security correspondent Nicole Sganga has the exclusive.
Several killed in Washington chemical blast
Authorities in Longview, Washington, responded to a chemical tank blast Tuesday in what first responders called a "mass casualty event." It involved a vat of chemicals used to turn wood pulp into tissues, wrapping paper and other packaging. Jonathan Vigliotti reports.