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.
Federal Reserve
Fed Chair Powell faces delicate balancing act in Jackson Hole speech
Jerome Powell will address the state of the U.S. economy — and perhaps offer hints about interest rates — in a closely watched speech on Friday.
Trump calls on resignation of Fed governor
President Trump is calling on Federal Reserve Governor Lisa Cook to resign with his administration accusing her of mortgage fraud. Former Treasury official Kitty Richards joins "The Takeout" to discuss.
Breaking down Trump's economic actions
A new Wall Street Journal article says that President Trump is emulating the Chinese Communist Party by extending political control deep into the economy. Barry Naughton, a professor from the University of California, San Diego, joins "The Takeout" to discuss the article.
Key takeaways from July's inflation report
Inflation in July rose 2.7% on an annual basis, which was slightly less than economists had forecast, according to a report released Tuesday. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.
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.
Federal Reserve governor to step down from role early
Adriana Kugler will resign from her role as a Federal Reserve governor — opening up a vacancy on the board as President Trump pressures the Fed to slash interest rates.
Trump working to finalize more trade deals
The Trump's administration is working to finalize more trade deals before the president's self-imposed August 1 tariff deadline. CBS News White House reporter Willie James Inman has more on that and President Trump's ongoing war of words with Fed Chair Jerome Powell.
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.
Trump, Jerome Powell and economic forecasts
John Dickerson shares his thoughts on President Trump's constant criticism of Federal Reserve Chair Jerome Powell and Wednesday's decision to leave interest rates unchanged.
Federal Reserve holds its benchmark rate steady at today's FOMC meeting
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
Interest rates remain unchanged: What to know
President Trump spent the day hailing new GDP numbers that showed stronger than expected economic growth over the past three months. But at the Federal Reserve, Chair Jerome Powell pointed to Mr. Trump's tariffs as he announced the central bank would leave interest rates unchanged. Nancy Cordes reports.
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.
Powell cautious on possible September cut
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed leaves interest rates unchanged again
The Federal Reserve maintained its benchmark interest rate at Wednesday's Federal Open Market Committee meeting. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
Is the Fed likely to finally cut interest rates at this week's meeting?
President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here's what the experts think will happen at today's monetary policy meeting.
Expectations for July interest rate decision
The Federal Reserve is set to announce its July interest rate decision on Wednesday. CBS News business contributor Javier David has more details on what to expect.
Investors await key economic data
Investors are awaiting the release of key second-quarter data and the Federal Reserve's next decision on interest rates as President Trump's Aug. 1 tariff deadline looms. CBS News business contributor Javier David has more on what to expect.
7/27: Face the Nation
This week on "Face the Nation with Margaret Brennan," director of the U.S. Office of Management and Budget, Russell Vought, joins to discuss President Trump’s trip to a Federal Reserve facility with Fed Chair Jerome Powell ahead of his departure for Scotland. Meanwhile, The Ohio State University President Ted Carter joins to explain how he’s handling a new era of higher education amid the Trump administration’s push to assert control over private and public institutions across the U.S.
Vought on Project 2025 and the Fed: "Don't even know what that chapter says"
Project 2025 lays out an overhaul of the Fed, saying "Congress should limit its mandate to the sole objective of stable money."
Open: "Face the Nation," July 27, 2025
This week on "Face the Nation with Margaret Brennan," director of the U.S. Office of Management and Budget, Russell Vought, joins to discuss President Trump's trip to a Federal Reserve facility with Fed Chair Jerome Powell ahead of his departure for Scotland. Meanwhile, The Ohio State University President Ted Carter joins to explain how he's handling a new era of higher education amid the Trump administration's push to assert control over private and public institutions across the U.S.
Powell disagrees with Trump about cost of changes to Fed construction
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
Breaking down dispute between Trump and Powell
President Trump visited the Federal Reserve and raised the issue of cost overruns in construction of new facilities there. It was a new front in Trump's extended campaign to pressure Powell, who he says has been too slow to lower interest rates. Kelly O'Grady explains.
Trump and Powell clash over Fed renovations
President Trump and Federal Reserve Chair Jerome Powell had a disagreement almost immediately as the two men set foot in the Fed's headquarters in Washington on Thursday to survey an extensive renovation project on two of the reserve's buildings. Nancy Cordes has more.
Trump, Powell meet amid tensions
President Trump toured the Federal Reserve building today alongside Federal Reserve Chair Jerome Powell. The visit comes as tensions run high between the two men. The president has repeatedly criticized Powell for not lowering interest rates and for the high cost of ongoing renovations. CBS News White House reporter Aaron Navarro has more.
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.
Feds charge man who burned U.S. flag outside White House
Federal prosecutors in D.C. filed charges against a veteran who burned an American flag outside the White House, after President Trump ordered the Justice Department to investigate flag burning.
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.
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.
Powerball jackpot now an estimated $1 billion for Saturday's drawing
Saturday's Powerball jackpot has an estimated cash value of $453.1 million.