Cleveland Fed chief expects inflation above 2% into 2023
Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, says she expects inflation to ease into next year, but remain above 2%.
Economy
Open: This is "Face the Nation," April 10
This week on "Face the Nation," with Russian forces moving forward with a brutal assault on Eastern Ukraine, we talk to White House national security adviser Jake Sullivan about what more the U.S. can do to help. Then, a conversation with former FDA Commissioner Scott Gottlieb about a possible spring COVID surge.
This week on "Face the Nation with Margaret Brennan," April 10, 2022
White House National National Security Adviser Jake Sullivan, Ukrainian Ambassador to the United States Oksana Markarova and more appear on "Face the Nation with Margaret Brennan" this Sunday.
Mocked by Biden as "rubble," the Russian ruble has bounced back
The ruble has bounced back after its initial plunge following Western sanctions. Here's why.
School hires Afghan refugees amid teacher shortage
Amid a teacher shortage, an Atlanta school found help in a surprising place -- a local community of Afghan refugees. Mark Strassmann shares more.
Retirements are again fueling a shortage in the labor force
The biggest share of people leaving the workforce in March was due to retirements, new study finds.
JPMorgan's Jamie Dimon says economy faces "unprecedented" risks
High inflation and Russia's Ukraine war may "dramatically increase the risks ahead," Dimon wrote in his annual shareholder letter.
Economic challenges continue with inflation
Despite unemployment hitting a record low, Americans are still seeing high prices at grocery stores and gas stations. Scott MacFarlane has more on the economic situation from the White House.
March jobs report shows strong gains
Amid a strong jobs report for March, employers can't fill jobs fast enough. There are nearly two job openings for every unemployed worker. Carter Evans takes a look.
Amazon workers on Staten Island vote to unionize
In an historic vote, Amazon workers at a warehouse in Staten Island, New York, voted to become the company's first union in the U.S.
Mental health hotline aims to help farmers
The Minnesota Department of Agriculture created a hotline specifically for farmers in need of help, as small farms struggle to keep up in today's economy. Jonathan Vigliotti has more in "Eye on America."
Biden's plan to combat gas prices
President Biden on Thursday announced the release of 180 million additional barrels of oil over the next six months to combat gas prices, as well as urged Congress to impose fees on companies that he accuses of "hoarding without producing" and discussed his plans to boost the domestic production of critical minerals. CBS News' Tanya Rivero and Meg Oliver sit down with Tamar Essner, a principal at Vectis Energy Partners, to discuss.
Biden taps oil reserve to ease gas prices
President Biden announced an unprecedented set of actions to ease the financial squeeze for fuel, including accessing about a third of the nation's strategic reserve until October. Errol Barnett has the latest on what this means for Americans.
Pause on student loan repayments will expire
A recent analysis estimates 7.8 million people will struggle to repay student loans if a federal pause on payments ends as planned in May. CBS News reporter Sarah-Ewall Wice joined CBS News' Elaine Quijano to discuss.
Europe seeks energy independence from Russia
Gas prices are once again climbing in Europe, which gets 40% of its gas from Russia, because of supply-chain-related concerns related to the invasion of Ukraine. Josh Wingrove, White House reporter for Bloomberg, joins CBS News' Tanya Rivero and Mola Lenghi to discuss where Europe could begin looking for its future gas needs.
Airline ticket prices are on the rise
Experts are advising consumers to book their travel early, as airfare and hotel room rates rise with increased bookings. CBS News' Danya Bacchus reports from Los Angeles.
Analysis of Biden's 2023 budget proposal
President Biden held a press conference Monday to lay out his budget plan for next year. CBS News' Tanya Rivero sits down with Terry Haines, the founder of Pangaea Policy in Washington, D.C., to discuss what the budget proposal means and get his take on the so-called billionaires' tax that is included in it.
Residency program aims to address teacher shortage
A Tennessee school district is addressing teacher shortages with a residency program that offers free education and paid teaching experience. Meg Oliver takes a look.
Pandemic impact on commercial real estate
A shift to remote work during the COVID-19 pandemic emptied out offices across the U.S., but companies are now bringing their workers back. However, the real estate market for offices is in a whole different place than it was before the pandemic. Crain's New York Business editor-in-chief Cory Schouten joins CBS News to discuss how small businesses and tenants have the upper hand.
Ukraine working to isolate Russia's economy
Ukraine's Deputy Minister of Digital Transformation Alex Bornyakov joins “CBS Mornings” to discuss Ukraine's strategy of a "digital blockade" against Russia and efforts to isolate Russia's economy.
Could permanent daylight saving time "jump-start" the economy?
Transitioning to year-round DST is uniting Republicans and Democrats. But the economic benefits are murky, at best.
"Hypermilers" go to extremes for fuel efficiency
As gas prices hover near record highs, some drivers are going to extremes to conserve fuel. They're known as "hypermilers." Kris Van Cleave takes a look.
Stock market reacts to interest rate hike
The Federal Reserve announced it will raise interest rates by a quarter percentage point to fight soaring gas prices and inflation. Trading expert Joe Saluzzi joined CBS News' Anne-Marie Green and Vladimir Duthiers to discuss how the stock market is reacting and what this means for our bank accounts.
Trucking industry hit hard by rising fuel costs
Record diesel prices are stalling the trucking industry. The costs are trickling down through the economy. Errol Barnett reports.
Trucking industry feels pain of rising diesel prices
The steep prices are trickling down through the economy.
live updates
Watch Live: Trump takes questions with U.K. prime minister
Trump's visit to Britain moves from royal spectacle to politics on day 2, as he and U.K. leader Keir Starmer announce a major tech investment deal.
live updates
CDC's vaccine advisory panel to vote on measles, hepatitis B shots
The CDC's Advisory Committee on Immunization Practices is meeting to discuss and vote on hepatitis B and measles, mumps, rubella and varicella vaccines for children.
ABC pre-empts "Jimmy Kimmel Live!" over Kimmel's Charlie Kirk comments
ABC's announcement came as media giants Nexstar and Sinclair announced they would preempt the show indefinitely on all their stations over his remarks.
Judge orders Columbia activist Mahmoud Khalil to be deported to Algeria or Syria
A federal immigration judge has ordered Mahmoud Khalil — a former Columbia University graduate student linked to pro-Palestinian protests — to be deported.
3 police officers killed, 2 wounded in York County, Pennsylvania, shooting; suspect dead
Three police officers were fatally shot and two others were wounded in a shooting Wednesday.
Possible military helicopter crash in Washington state
Authorities were responding late Wednesday night to the scene of an apparent military helicopter crash in the vicinity of Joint Base Lewis-McChord in Washington state
Uber to pilot food delivery by drone through partnership with Flytrex
The ride-hailing and food delivery company said it would roll out the service in U.S. pilot markets by the end of the year.
Trump announces he's designating antifa as a "major terrorist organization"
President Trump late Wednesday called for investigations into alleged funders of antifa.
Dallas community leader detained by ICE after traffic stop
On August 29, Omar Salazar was detained by ICE after a traffic stop while visiting his girlfriend in Lubbock.