Americans could soon see higher costs from tariffs, Fed's Hammack says
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
Economy
Trump on new labor statistics commissioner
President Trump said he will name a new commissioner for the Bureau of Labor Statistics within days after firing Erika McEntarfe on Friday. CBS News' Aaron Navarro has more details.
How jobs data is collected
President Trump's firing of Bureau of Labor Statistics Commissioner Erika McEntarfer has sparked debate over how the agency obtains its jobs data. CBS News MoneyWatch correspondent Kelly O'Grady has more details, while Weijia Jiang has the latest from the White House.
White House holds firm on tariff rates
U.S. trade representative Jamieson Greer told "Face the Nation" that tariff rates are "pretty much set" ahead of President Trump's Aug. 7 deadline. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Trump calls jobs reports "rigged"
President Trump called the July jobs report "rigged" in a social media post on Monday morning, continuing to defend his firing of Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday. CBS News' Natalie Brand has more details from the White House.
Trump fires labor statistics chief after disappointing job numbers
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
Tariffs and school supply prices
As President Trump's tariffs took effect Friday, some parents are worried that the cost of school supplies might be impacted.
Breaking down the weak jobs report
President Trump on Friday ordered the firing of the labor statistics boss just hours after the release of a weak jobs report. Axios economics reporter Courtenay Brown joins CBS News with analysis.
Trade adviser says Trump has "real concerns" about jobs data
U.S. Trade Representative Jamieson Greer defended President Trump's decision to fire a key official responsible for jobs reports in a CBS News interview.
Where trade talks with other countries stand
President Trump signed an executive order Thursday night raising tariffs on about 70 countries. CBS News' Tom Hanson has the details.
Trump fires statistician after jobs report
President Trump fired the commissioner of the Bureau of Labor Statistics on Friday after a disappointing jobs report. CBS News politics reporter Kathryn Watson has more.
Employers added 73,000 jobs in July, falling short of forecasts
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
Trump fires labor chief after weak jobs report
President Trump ordered his administration to fire the commissioner of labor statistics, Erika McEntarfer, after the July jobs report showed a sharp slowdown in hiring and a steep downward revision to May and June's hiring numbers. Kelly O'Grady reports.
Stocks fall after weak jobs report, tariffs
Friday was a very down day on the stock market after a new jobs report showed a hiring slowdown and President Trump's unveiling of higher tariffs for many top U.S. trading partners. CBS News' Kelly O'Grady and Ed O'Keefe have the latest.
Trump trade representative on weak jobs report
U.S. Trade Representative Jamieson Greer is defending the Trump administration after a Friday report showed U.S. job growth has slowed. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan spoke with Greer and joins "The Takeout" to unpack his response.
Trump economic adviser on weak jobs report
President Trump fired the commissioner of the Bureau of Labor Statistics on Friday after its job report showed meager gains and revisions. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the president's decision.
Top Trump economic adviser on new tariffs
President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
Trump raising Canada tariffs to 35%
President Trump signed an executive order Thursday night increasing tariffs on Canadian imports to 35% starting Aug. 1. CBS News' Erica Brown and Kelly O'Grady have the latest.
Where current U.S. tariffs on Mexico stand
Ahead of Friday's tariff deadline, President Trump announced on social media that the U.S. and Mexico have agreed to extend their current deal for another 90 days while they continue to negotiate. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Inflation rose around the U.S. in June amid tariff hikes
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
U.S. company cancels production due to tariffs
Many American businesses are bracing for negative consequences of President Trump's tariffs set to take effect Friday. Ben Knepler, co-founder of the Pennsylvania-based outdoor equipment company True Places, joins CBS News to discuss how the tariffs are impacting his small business.
Poll: Most Americans expect price hikes soon
A new round of CBS News polling shows views of the economy are slightly better than they were earlier this summer, but concerns about more price increases are weighing down the outlook. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
Why did Fed keep interest rates steady again?
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
GDP surged in the second quarter after sliding earlier this year
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
Trump adviser Peter Navarro on interest rates
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
9-year-old describes hearing shots fired during Minneapolis school shooting
June Holine, 9, described hearing the gunshots as she sat in the back of Annunciation Catholic Church in Minneapolis on Wednesday.
Fed board member Lisa Cook sues to block Trump's attempt to fire her
Federal Reserve governor Lisa Cook is suing over President Trump's attempt to fire her.
Huge Russian attack on Kyiv kills 15, including 4 kids, Ukraine says
Zelenskyy says Russian missiles and drones targeted civilians in Kyiv, killing children and showing Putin is "not choosing to end the war" despite Trump's efforts.
School shooting victim's mom was working in ICU when injured daughter arrived
One of the young victims of Wednesday's deadly mass shooting at a Minneapolis Catholic school remains in critical condition Thursday, at the same hospital where her mother works as a pediatric critical care nurse.
CDC Director Susan Monarez refuses to step down, arguing only Trump can fire her
Susan Monarez, the director of the Centers for Disease Control and Prevention, has been removed from her job, a source told CBS News — but her attorneys called her firing "legally deficient."
Mexico senators come to blows after debate over U.S. military intervention
Mexican senators came to blows after a heated debate over alleged opposition calls for the U.S. to intervene militarily against drug cartels.
Powerball jackpot nears $1 billion mark at estimated $950 million
Saturday's Powerball jackpot has an estimated cash value of $428.9 million.
At least 18 WWII-era weapons explode as wildfire chars U.K. countryside
Crews battling a wildfire in the North Yorkshire countryside face the added risk of hidden WWII-era bombs and tank shells, 18 of which have already exploded.
Defense lawyer in D.C. tries to get client released with filing saying "Help!!!!"
A judge said in an order that it was "baffling" that the woman had been "detained in the first place."