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.
Kevin Warsh
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.
Warsh on reasons for interest rate decision
Federal Reserve Chair Kevin Warsh announced no change to interest rates at his first meeting. This comes as uncertainty remains on the Iran war, which has economically slammed the U.S. and other nations. Business Insider's Akin Oyedele has more.
Fed keeps interest rates steady
As was widely expected, the Federal Reserve unanimously voted to keep interest rates unchanged on Wednesday. CBS News coordinating producer Richard Escobedo has more details.
Federal Reserve holds interest rates steady but leaves door open to hike
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
Warsh announces plan to reshape Federal Reserve
The Federal Reserve unanimously voted Wednesday to keep interest rates unchanged. It was the first rate decision under the new chair, Kevin Warsh. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Dow falls after Fed holds interest rates steady
The Federal Reserve maintained its benchmark interest rate on Wednesday in its first meeting with Kevin Warsh as chair. CBS News MoneyWatch correspondent Kelly O'Grady reports from the New York Stock Exchange.
Fed votes to leave interest rates unchanged
The Federal Reserve board voted Wednesday to leave interest rates unchanged in its first decision since Kevin Warsh took over as chair. CBS News' Kelly O'Grady has more.
Fed expected to keep interest rates steady
Investors expect the Federal Reserve to keep its current interest rate steady on Wednesday as new chair Kevin Warsh helms his first meeting. Barron's reporter Josh Schafer has more on Warsh and the rate decision.
Expectations of Fed interest rate decision
The Federal Reserve on Wednesday will hand down its first interest rate decision under its new chairman, Kevin Warsh. It comes as inflation continues to rise. Kelly O'Grady explains how the outcome could impact you.
Warsh prepares for Federal Reserve meeting
Federal Reserve Chair Kevin Warsh is set to lead his first meeting and announce what's next for the nation's interest rate. CBS News' Kelly O'Grady reports.
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.
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.
Luigi Mangione pleads guilty in federal case, admits shooting Brian Thompson
Luigi Mangione entered a guilty plea in his federal case at a court appearance in Manhattan Friday morning.
Live
Trump says U.S. warship's 9-month deployment "not nearly long enough"
The USS Abraham Lincoln has been deployed for almost nine months and is expected to be replaced in the Middle East.
Army temporarily grounds Apache helicopter training flights after deadly crash
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
First on CBS
Justice Department expands military's power to detain migrants near border
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
How double jeopardy could come into play after Mangione guilty plea
Luigi Mangione pleaded guilty to two federal counts on Friday. His state trial is currently scheduled to begin on Sept. 8.
FBI: Violent crime plummeted in 2025, murder rate hit 20-year low
The White House is touting a historic drop in violent crime as the FBI releases the latest data from its annual Uniform Crime Reporting Program.
USS Washington aircraft carrier heads to Middle East to replace USS Lincoln
The USS George Washington aircraft carrier departed Vietnam last week and is headed to the Middle East to replace the USS Abraham Lincoln, according to a U.S. official.
Hawaii under a hurricane warning as Tropical Storm Lala takes aim
Tropical Storm Lala could bring heavy rain, high winds and dangerous surf and rip currents to the Hawaiian Islands as a hurricane this weekend, forecasters say.
Ex-Cambridge professor dies week after resigning amid plagiarism allegations
Jason Arday, who was Cambridge's youngest Black professor, died in London on Friday, the school said.
U.S.
More U.S.
Army temporarily grounds Apache helicopter training flights after deadly crash
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
MoneyWatch
More MoneyWatch
Hormuz chaos highlights risks for other global trade chokepoints
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
FDA upgrades egg recall linked to salmonella to highest risk level
U.S. food regulators say 1.6 million cartons of recalled eggs can "cause serious adverse health consequences or death."
How to get a refund for Trump tariffs struck down by Supreme Court
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Walmart tomato soup kits recalled over Listeria risk, FDA says
The 14oz soup kits were distributed at Walmart stores in 29 states between June 30 and July 7, according to the FDA.
See how much renters pay for a 2-bedroom home in 50 U.S. cities
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
Politics
More Politics
Army temporarily grounds Apache helicopter training flights after deadly crash
The U.S. Army said Friday it is temporarily halting Apache helicopter training flights after two soldiers were killed earlier this week in a crash near Fort Hood, Texas.
First on CBS
Inside "the Pool": Fugitive arrested in alleged cross-border car trade scheme
Along the Texas-Mexico border, prosecutors say a group of businessmen found a way to monopolize the trade of used cars — a scheme called "the Pool." This week, authorities say they caught one alleged member.
First on CBS
Justice Department expands military's power to detain migrants near border
The Justice Department issued a legal opinion giving the U.S. military broader powers to detain migrants near certain areas along the southern border.
Feds charge woman for allegedly vandalizing World War II Memorial in D.C.
The top federal prosecutor in Washington, D.C., said a woman has been arrested and faces two felony charges related to vandalism of the World War II Memorial.
Trump asks Supreme Court to intervene in White House ballroom legal fight
The Trump administration asked the Supreme Court to intervene in the legal battle over President Trump's White House ballroom.
HealthWatch
More HealthWatch
My husband was kicked out of hospice. Here's what I learned.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Whole Foods recalls some jalapeño products over salmonella risk
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Maps and charts show record number of measles cases in U.S. this year
CBS News has been tracking a record number of measles cases and outbreaks around the country. The majority of cases are among those who haven't been vaccinated.
Norah O'Donnell: I take testosterone. Here's why.
Norah O'Donnell sat down with her own doctor, Rachel Rubin, to tackle the important topic of menopause: How your body changes, why women may be needlessly suffering, and what you can actually do about it.
Hospitals push for upfront payments as healthcare costs rise
Hospitals and other medical providers are increasingly asking for payment before providing care, collecting more of what patients might owe.
World
More World
Ex-Cambridge professor dies week after resigning amid plagiarism allegations
Jason Arday, who was Cambridge's youngest Black professor, died in London on Friday, the school said.
Russian tanker leaking oil off Oman coast, threatening environmental disaster
The Caroline Bezengi, linked to Russia's so-called shadow fleet, is carrying millions of gallons of oil and has run aground off the coast of Oman.
Golfer Jessica Bang, 18, dies while preparing for tournament in Thailand
Jessica Bang collapsed on Aug. 1 as she was preparing in Thailand for a tournament and was transported to a hospital in Bangkok.
Warship that sank in 1908 found off U.K.: "Undisturbed for 118 years"
The Royal Navy and shipwreck hunters have been searching in vain for the remains of HMS Tiger for over a century.
French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
Entertainment
More Entertainment
Entertainment
"Paw Patrol" cast previews movie
Natalie Morales speaks to some of the stars behind the new film, "Paw Patrol: The Dino Movie." They explain what they love about the franchise and what they hope the audience takes away from the movie.
Becky G gives behind-the-scenes look
"CBS Mornings" co-host Gayle King went inside a rehearsal with singer Becky G as she gives fans a sneak peek at a new single before her upcoming album's release.
Recipe: Amish Peanut Butter Pie
Lovina Hershberger Zook, who left the Amish faith, today shares recipes of the Amish with her more than six million followers on social media.
"CBS Sunday Morning" launches new series of live events at the 92nd Street Y in NYC, debuting with Sylvester Stallone
America's #1 Sunday morning news program announces a new collaboration beginning Sept. 28 to bring conversations with the biggest newsmakers in the arts, politics and culture to the stage, and streamed online.
Exclusive
Becky G reflects on advocacy in new music, rise to fame
Becky G spoke exclusively with "CBS Mornings" co-host Gayle King about her rise to fame, being the breadwinner of the family at a young age and her new music.
Technology
More Technology
French teen social media ban struck down by top constitutional authority
France's social media ban, which was due to take effect on Sept. 1, would have barred younger users from networks such as TikTok, Snapchat and Instagram.
Using AI in your romantic relationships
AI is making its way into people's love lives - some say it has helped to improve their conversations while others have used it to end a relationship. Dr. Sue Varma discusses how to use AI properly, set boundaries and identify warning signs of becoming too emotionally dependent.
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.
Flock CEO on misuse concerns
Flock CEO Garrett Langley sat down with CBS News' Anna Schecter and discussed allegations of the technology's misuse by law enforcement.
Schools curb technology use in classroom
As students across the country head back to the classroom, some schools, educators and parents are rethinking how much they utilize technology and screen time. Nicole Valdes has more.
Science
More Science
Science
Views of the total solar eclipse in Europe
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
Europe sees total solar eclipse
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Astronomy professor on how eclipses work
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
How a total solar eclipse stopped a war
Columbia University astronomy professor Dr. Janna Levin joins CBS News to discuss Wednesday's total solar eclipse, saying it's a reminder that humans share this Earth together and "we're all part of something larger."
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Crime
More Crime
Crime
What to know after Luigi Mangione guilty plea
Luigi Mangione pleaded guilty on Friday to federal charges for the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal contributor Jessica Levinson joins with analysis.
Tupac Shakur murder trial to start Monday
The trial for the former gang leader accused of ordering Tupac Shakur's 1996 murder will begin Monday. Attorney Chris Melcher joins CBS News to discuss the case.
What Luigi Mangione said as he pleaded guilty
Luigi Mangione on Friday entered a guilty plea in his federal case, admitting he shot and killed UnitedHealthcare CEO Brian Thompson outside a Midtown Manhattan hotel in 2024. CBS News' Katrina Kaufman and Jessica Levinson have more.
How double jeopardy could come into play after Mangione guilty plea
Luigi Mangione pleaded guilty to two federal counts on Friday. His state trial is currently scheduled to begin on Sept. 8.
Brian Thompson's family on Mangione plea news
The family of slain UnitedHealthcare CEO Brian Thompson is reacting to news that his alleged killer, Luigi Mangione, plans to plead guilty in the federal case against him. CBS News legal contributor Jessica Levinson has more.
Space
More Space
New space object called "black hole star" discovered by astronomers
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
Stunning photos show total solar eclipse over Europe
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
Perseid meteor shower reaches peak viewing on Wednesday night
The Perseid meteor shower is the best viewing all year, according to NASA.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Latest Galleries
More Latest Galleries
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.
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.
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.
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.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
New report on artillery plant boondoggle
A new report from ProPublica reveals a $533 million contract for a factory to make howitzer shells destined for Ukraine did not produce a single usable shell. Jesse Coburn, the author of that report, joins "The Takeout" to discuss.
Rep. Beatty on Kennedy Center renaming
The Kennedy Center board, now made up mostly of President Trump's allies, voted Thursday to put the president's name back on the building. Rep. Joyce Beatty, who has challenged Mr. Trump's changes to the Kennedy Center and was on the phone call where the renaming decision was made, joined "The Takeout" to discuss.
New carrier on way to replace USS Lincoln
The USS George Washington aircraft carrier is headed to the Middle East to replace the USS Abraham Lincoln, a U.S. official tells CBS News. The Lincoln has been deployed for almost nine months and in recent weeks, some families have voiced concerns about conditions on the ship. CBS News' Charlie D'Agata, Samantha Vinograd and Nancy Cordes have more on the ship and the Iran war.
What to know after Luigi Mangione guilty plea
Luigi Mangione pleaded guilty on Friday to federal charges for the killing of UnitedHealthcare CEO Brian Thompson. CBS News legal contributor Jessica Levinson joins with analysis.
Tupac Shakur murder trial to start Monday
The trial for the former gang leader accused of ordering Tupac Shakur's 1996 murder will begin Monday. Attorney Chris Melcher joins CBS News to discuss the case.