Atlanta Fed chief says virus has "put a wedge in our economy"
Raphael Bostic, the president and CEO of Federal Reserve Bank of Atlanta, says "we have to change the trajectory for the generations to come."
Federal Reserve
Transcript: Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, October 11, 2020, on "Face the Nation."
Federal Reserve sees interest rates near zero through 2023
Interest rates are expected to stay low for years as the U.S. economy struggles to recover from coronavirus hit.
Federal Reserve says inflation should rise dramatically
Fed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates.
The newly-released transcripts of 14 emergency meetings in 2008 show a Federal Reserve trying to keep up with a developing crisis it did not fully comprehend
The newly-released transcripts of 14 emergency meetings in 2008 show a Federal Reserve trying to keep up with a developing crisis it did not fully comprehend. Anthony Mason reports.
Shares of Sirius XM are up Monday on news that Liberty Media wants to take full ownership of the satellite radio service, plus more MoneyWatch headlines
Shares of Sirius XM are up Monday on news that Liberty Media wants to take full ownership of the satellite radio service. The deal would value the company at nearly $23 billion. Liberty Media already owns 53 percent of Sirius XM's stock., plus more MoneyWatch headlines.
Payroll processor ADP released its November employment report today, plus more MoneyWatch headlines
Payroll processor ADP released its November employment report today, which may provide clues about Friday's jobs report from the Labor Department. It shows U.S. businesses added the most jobs in a year, thanks to heavy hiring in the manufacturing and construction industries.
Transcript: Charles Evans on "Face the Nation"
The following is a transcript of an interview with Charles Evans, the president and CEO of the Federal Reserve Bank of Chicago, that aired Sunday, August 9, 2020, on "Face the Nation."
Face The Nation: Kashkari, Gottlieb, Gupta, Salvanto
Missed the second half of the show? The latest on the coronavirus pandemic, the state of the economy and the 2020 presidential election
Transcript: Neel Kashkari on "Face the Nation"
The following is a transcript of an interview with Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, that aired Sunday, August 2, 2020, on "Face the Nation."
Former Fed economist calls profession "a disgrace"
Economist Claudia Sahm cites systemic sexism and racism as problems that compromise the quality of our economic policy.
Fed predicts further economic hardship as virus rages on
The coronavirus "will weigh heavily on economic activity, employment and inflation," central bank says.
The cost of taking a gap year amid a pandemic
Students have often been encouraged to take gap years between high school and college, but many graduates are reconsidering their options this year. Economists at the Federal Reserve Bank of New York say students who delay college due to the pandemic could lose more than $90,000 in lifetime earnings. Arun Ponnusamy, chief academic officer at Collegewise, joins CBSN to discuss what students should take into account when making this decision.
Shortage of coins in circulation causing concerns
There is a shortage of coins in circulation as many businesses are no longer accepting cash as payment. But some experts warn that the emerging trend can be harmful for smaller businesses and low-income consumers who rely on coin transactions. Michael George reports.
Fed predicts long road to economic recovery
The Federal Reserve says it does not expect unemployment to reach pre-coronavirus lows until 2022 at the earliest. The Central Bank is predicting a 9.3% unemployment rate at year's end and a 6.5% unemployment rate at the end of 2021. The Washington Post's economic correspondent Heather Long joined CBSN to discuss the Fed's expectations.
Fed's Kashkari warns bank losses during COVID could trigger financial crisis
"I am concerned the longer this goes on, the more losses banks will face," he told "Face the Nation" moderator Margaret Brennan.
Fed's Powell says coronavirus downturn could do severe economic harm
Federal Reserve chair says the risk to small businesses from the pandemic is acute.
Stocks fall on COVID-19's spread, Fed's cautious comments
Investors are worried that an increase in infections in some U.S. states could threaten the nation's economic recovery.
Fed says 15 million Americans will remain jobless by year-end
Central bank expects unemployment to remain above by 9% by year-end and for joblessness to remain elevated into 2022.
Fed chief: Virus hurting "those least able to bear its burdens"
Inequality is deepening the economic impact of COVID-19 on American workers, U.S. central bank chairman said.
Boston Fed predicts "double- digit unemployment" through end of 2020
Eric Rosengren says a vaccine is needed to have unemployment levels to return to pre-covid rates.
Stephen Moore withdrawing as Fed nominee
Stephen Moore, President Trump's pick for the Federal Reserve Board who had become highly controversial over his comments about women and his views on monetary policy, is withdrawing his name from consideration, the president tweeted Thursday afternoon. Reena Ninan has more.
Fed cuts key rate for 1st time in a decade
U.S. unemployment is down, and the economy is expanding, but concerns about slowing global growth has prompted the Federal Reserve to cut its key interest rate by a quarter-point for the first time in more than a decade. CBS News business analyst Jill Schlesinger joined CBSN to explain what's behind the decision.
Fed cuts key interest rate
The cost of borrowing is going down, but so is the return on savings, after the Federal Reserve cut a key interest rate. CBS News business analyst Jill Schlesinger joins "CBS Evening News" to explain how it will impact Americans.
What the Fed interest rate cut means for you
The cost of borrowing is coming down. For the first time since the 2008 financial crisis, the Federal Reserve cut interest rates. The central bank lowered the benchmark federal funds rate by a quarter percentage point Wednesday. The decision could make it easier for consumers to borrow money, on everything from credit cards to car loans. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with a look at what the decision means for your wallet.
live updates
Charlie Kirk shooting suspect in custody after manhunt, officials announce
Conservative activist Charlie Kirk died Wednesday after he was shot at an event at Utah Valley University. Officials say a suspect is now in custody.
Suspect arrested in Charlie Kirk killing confessed to father, officials say
A person has been arrested in connection with the shooting that killed conservative activist Charlie Kirk, sources said.
Poland rejects Trump's suggestion Russian drone raid a possible mistake
Responding to President Trump, Poland's leader said, "we would also wish that the drone attack on Poland was a mistake. But it wasn't."
Charlie Kirk shooting suspect is in custody. Here's what we know.
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University.
Charlie Kirk's body flown on Air Force Two to Arizona
Charlie Kirk was shot and killed at an event at Utah Valley University Wednesday. His body was flown on Air Force Two to Arizona, where he lived with his family.
Under Trump, FDA seeks to abandon expert reviews of new drugs
Advisory committee meetings help FDA scientists make decisions and increase public understanding of drug regulation, and abandoning them doesn't make sense, former officials said.
Supreme Court's upcoming term could be marked by disputes over Trump policies
Over 300 lawsuits challenging many of Trump's second-term plans have been winding through federal courts, and a handful may be poised for Supreme Court review.
Alleged drug boat from Venezuela was turning back when hit, sources say
The U.S. military strike killed 11 people who the Trump administration said were Tren de Aragua members. A Venezuelan official denied they were involved in the gang.
Lawmakers scale back outdoor events after Charlie Kirk assassination
Members of Congress are curtailing outdoor events and public appearances in the wake of the assassination of conservative commentator Charlie Kirk.