Biggest takeaways from the government's latest inflation data
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Federal Reserve
Judge hears arguments on Lisa Cook's firing
A judge heard from both parties involved in a lawsuit concerning Lisa Cook's attempted firing by the Trump administration from the Federal Reserve Board of Governors. CBS News' Scott MacFarlane reports.
Trump administration's latest firings
Current and former Centers for Disease Control and Prevention workers protested changes at the federal agency as a judge receives Lisa Cook's lawsuit protesting President Trump's attempt to fire her from the Federal Reserve Board of Governors. CBS News' Skyler Henry and Natalie Brand report.
Lisa Cook sues to block Trump firing
Federal Reserve Governor Lisa Cook has filed a lawsuit against President Trump's attempt to fire her. CBS News' Natalie Brand has the latest.
Kyla Scanlon on Trump move to fire Fed governor
Economic commentator and New York Times bestselling author Kyla Scanlon joins CBS News to discuss President Trump's plan to fire Federal Reserve Governor Lisa Cook and Nvidia's upcoming earnings report.
Markets remain steady amid Trump's Fed clash
President Trump said he fired Federal Reserve Gov. Lisa Cook on social media, but Cook said she is not resigning. Despite Mr. Trump's announcement, stock markets appear unaffected by the news. CBS News' Ed O'Keefe and business journalist Kristin Myers have more details.
Trump's move to fire Lisa Cook could give him leverage over Fed board
Removing a top Fed official threatens to shake investor confidence in the central bank's long-standing independence, according to Wall Street observers.
Trump moves to fire Fed's Lisa Cook as she vows to sue
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Trump clashes with Fed board member Lisa Cook
A standoff is brewing between President Trump and economist Lisa Cook. Mr. Trump tried to fire her, claiming "there is sufficient cause" to believe that Cook made false statements on one or more mortgage agreements. Cook fired back that "President Trump has no authority to remove her" from the independent Federal Reserve and vowed to file suit. Nancy Cordes reports.
Questions about Trump move to fire Lisa Cook
President Trump has taken his fight with the Federal Reserve to another level, demanding the removal of one of the Central Bank's governors. Overnight, Trump posted an apparent termination letter online, saying that he removed Lisa Cook over allegations that she committed mortgage fraud. But there are questions about Mr. Trump's authority to remove Cook. CBS News' Aaron Navarro and Jo Ling Kent break the situation down.
New Federal Reserve statement on Trump, Cook
The Federal Reserve on Tuesday issued a new statement regarding President Trump's move to fire Fed Governor Lisa Cook. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Trump comments on Taylor Swift, takes questions
President Trump took questions on a host of issues following his Cabinet meeting Tuesday at the White House, speaking about the Federal Reserve, his crime crackdown in Washington, D.C., Taylor Swift and Travis Kelce's engagement and more.
Trump move to fire Fed governor: What we know
President Trump announced his firing of Federal Reserve Governor Lisa Cook on Monday following months of public attacks against the central bank. Cook and her attorney responded Tuesday saying the president has no legal basis for the move and that they plan to file a lawsuit challenging the firing. CBS News' Olivia Rinaldi and Jo Ling Kent have more.
Details on Trump's Fed firing
President Trump said he fired Fed Reserve Governor Lisa Cook in a social media post on Monday that included her apparent termination letter, where Mr. Trump alleges that Cook committed mortgage fraud. In response, Cook says no cause exists "under the law" for her firing. CBS News' Natalie Brand has more details.
Can Trump fire Fed Reserve Gov. Lisa Cook?
President Trump posted an apparent termination letter to Federal Reserve Governor Lisa Cook on social media Monday. Cook responded that she is not resigning from her post. CBS News' Ed O'Keefe has more details.
Trump says he fired Fed Reserve's Lisa Cook
President Trump said he fired Lisa Cook from the Federal Reserve's Board of Governors in a social media post on Monday, where he also shared an apparent termination letter. Cook says that she will not resign. CBS News Natalie Brand has the latest from the White House.
Trump says he's fired Fed Governor Lisa Cook
President Trump announced Monday that he's fired Federal Reserve Governor Lisa Cook after months of public attacks against the central bank. In a letter posted on social media, Trump accused Cook of making false statements on mortgage documents, actions he claimed were "gross negligence" and "potentially criminal."
The Fed's Powell is worried about the job market. Here are 3 red flags.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Author Jonathan Levy on U.S. economy outlook
Author and historian Jonathan Levy joins "The Takeout with Major Garrett" to discuss how his 2021 book "Ages of American Capitalism" has economic themes that have magnified in today's economy. He also dives into the history of the Federal Reserve, and shares how AI and cryptocurrency can impact the capitalism system as we know it.
Stocks skyrocket after Powell speech
Federal Reserve Chair Jerome Powell gave a speech that sent all three stock indexes soaring. Traders excavated clues of an interest rate coming. Archie Hall, U.S. economics editor for The Economist, joins "The Takeout" to discuss.
Dow Jones soars over 800 points
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
Trump calls on Fed governor to resign after mortgage fraud allegations
President Trump called on Fed Governor Lisa Cook to resign on Wednesday after one of his appointees accused her of mortgage fraud.
Powell signals potential interest rate cuts
Federal Reserve Chair Jerome Powell signalled a potential path to interest rate cuts in the future. Akin Oyedele, a deputy editor of newsletters at Business Insider, joins CBS News with more.
Fed Chair Jerome Powell signals path to rate cuts at Jackson Hole
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Stock futures tilt up ahead of Fed chief Jerome Powell's Jackson Hole speech
Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.
Exclusive
Joni Ernst won't seek reelection to Senate in 2026, sources say
GOP Sen. Joni Ernst of Iowa is expected to announce next week she's not running for reelection in 2026.
Hurricane Katrina in photos, 20 years later: "We're the land they forgot about"
While Hurricane Katrina's toll didn't become clear for days, the storm ultimately led to nearly 1,400 deaths, according to the National Hurricane Center.
Trump revokes Kamala Harris' Secret Service protection
Congress passed a law in 2008 that limits Secret Service protection for former vice presidents to up to six months after leaving office.
Families of 2 children killed in Minneapolis school shooting speak out
The family of one of the victims shot early Wednesday morning at Annunciation Catholic Church in southwest Minneapolis spoke out for the first time Thursday afternoon.
2 dead after getting flesh-eating bacteria from eating raw oysters
Vibrio vulnificus is a bacteria that occurs in warm coastal waters or raw seafood. It can cause necrotizing fasciitis, a life-threatening illness.
Biggest takeaways from the government's latest inflation data
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Celebrity crocodile wrangler lied about deadly copter crash, jury finds
Matt Wright, star of the "Wild Croc Territory" and "Outback Wrangler" series, was convicted of two counts of perverting the course of justice.
"Potential evidence" found in search for dad accused of killing 3 daughters
The FBI said it had recovered "potential evidence" while searching nearly 250 acres of rugged wilderness for signs of Travis Decker.
Alabama town's first Black mayor reelected after being locked out of office
The first Black mayor of an Alabama town has won election by a landslide, four years after he ran unopposed but was prevented from serving.