Fed discussed how bad it would get
With COVID-19 wreaking havoc on the U.S. economy a year ago, Jerome Powell and his advisors at the Fed considered the possibility of a Great Depression scenario.
Federal Reserve
Jerome Powell: Full 2021 60 Minutes interview transcript
The complete text of Scott Pelley's interview with the Federal Reserve chairman.
Fed Chair Jerome Powell on Archegos collapse
In a conversation with Scott Pelley about the economic outlook, Powell also commented on the fallout from the Archegos Capital collapse, last year's bailout of money market funds, and the potential development of a U.S. digital dollar.
Jerome Powell: The 2021 60 Minutes Interview
Federal Reserve Chairman Jerome Powell gives his thoughts on how the economy is rebounding from the COVID-19 pandemic. Scott Pelley reports.
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more
The Federal Reserve raises short-term interest rates, California unveils a proposal to regulate self-driving cars and more. CBS News MoneyWatch's Jill Wagner has today's CBSN business headlines.
A milestone was reached Wednesday in the recovery from the Great Recession -- the Federal Reserve raised a key interest rate a quarter of a percent
A milestone was reached Wednesday in the recovery from the Great Recession -- the Federal Reserve raised a key interest rate a quarter of a percent. It was the first raise since 2006. Anthony Mason has more.
For the first time since 2006, the Federal Reserve has raised interest rates by a quarter of a percent
For the first time since 2006, the Federal Reserve has raised interest rates by a quarter of a percent. Absolute Capital Return's Senior Editor Hilary Kramer and Belpointe Asset Management's chief strategist David Nelson broke down what this would mean for the market and for lenders.
The central bank projects a series of increases over the next three years to over three percent in 2018
Global financial markets are bracing for the first Federal Reserve rate hike in nearly a decade. The Fed is expected to lift short-term interest rates to a range of between 0.25 and 0.5 percent. The central bank projects a series of increases over the next three years to over three percent in 2018. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss its impact on the economy.
The Federal Reserve is expected to raise interest rates by a quarter point, the first rate raise in more than nine years
The Federal Reserve is expected to raise interest rates by a quarter point, the first rate raise in more than nine years. CBS News business analyst Jill Schlesinger has details.
Fed chair says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Fed Chair Jerome Powell says economy set to make turnaround
Powell spoke with Scott Pelley Wednesday for a report airing tonight on 60 Minutes.
Investors await a meeting of the Federal Reserve, gas prices drop, a rare disease threatens the world's banana crop and more
Investors await a meeting of the Federal Reserve, gas prices drop, a rare disease threatens the world's banana crop and more. CBS News Moneywatch's Jill Wagner has today's CBSN business headlines.
Jerome Powell: Vaccination key to global economic recovery
Powell called global vaccination efforts "not only the right thing to do, it's also the smart thing to do."
Top business news from the New York Stock Exchange, including Walmart's hiring spree, and the Fed's interest rate decision
CBS News MoneyWatch's Jill Wagner has the top business news from the New York Stock Exchange, including Walmart's hiring spree, the Fed's interest rate decision, and the Obama administration's new trade regulations.
Stocks plunged as investors wait to see if the Federal Reserve will raise interest rates later this month
Stocks plunged as investors wait to see if the Federal Reserve will raise interest rates later this month. Also, Toyota is joining forces with Stanford University and MIT to try to phase out human drivers. Hena Daniels reports on the day's top MoneyWatch headlines.
The Dow saw its worst week since 2011 amid worries about China, cheap oil and slowing U.S. economic growth
The Dow saw its worst week since 2011 amid worries about China, cheap oil and slowing U.S. economic growth.
The Federal Reserve will raise interest rates, Netflix adds subscribers, Obama pushes for high-speed Internet in low-income areas and more
CBS News' Jill Wagner has today's CBSN business headlines: The Federal Reserve will raise interest rates, Netflix adds subscribers, Obama pushes for high-speed Internet in low-income areas and more.
Outstanding student loans topped $1.2 trillion as of the end of 2014
Outstanding student loans topped $1.2 trillion as of the end of 2014. According to the Federal Reserve Bank of New York, they now represent the fastest-growing category of all consumer debt. How did we get here? Jill Schlesinger reports.
The Federal Reserve looks set to end the massive bond purchases it has used to shore up the U.S. economy since the 2008 financial crisis
The Federal Reserve looks set to end the massive bond purchases it has used to shore up the U.S. economy since the 2008 financial crisis. CBS MoneyWatch contributor Anthony Mirhaydari analyzes what impact withdrawing that stimulus could have on investors and the broader economy.
Jill Wagner reports on the day's top MoneyWatch headlines
After yeats of being produced in China, Lincoln Logs are moving their manufacturing back to the United States. Plus, the Federal Reserve plans to keep interest rates at current levels. Jill Wagner reports on the day's top MoneyWatch headlines.
Investors should expect a bumpy ride amid signs that the Federal Reserve may have to alter its time-table for starting to raise interest rates
Investors should expect a bumpy ride amid signs that the Federal Reserve may have to alter its time-table for starting to raise interest rates, says CBS MoneyWatch contributor Anthony Mirhaydari.
Signs of inflation and an improving labor market are expected to hasten when the Federal Reserve starts raising interest rates
Signs of inflation and an improving labor market are expected to hasten when the Federal Reserve starts raising interest rates, explains CBS MoneyWatch contributor Anthony Mirhaydari.
In a policy meeting yesterday, Federal Reserve Chair Janet Yellen said the unemployment rate would drop to 6 percent, which prompted a rally in the markets
In a policy meeting yesterday, Federal Reserve Chair Janet Yellen said the unemployment rate would drop to 6 percent, which prompted a rally in the markets. Also, Amazon unveils its new smartphone; Jill Wagner reports on the day's top financial stories.
Federal Reserve Chair Janet Yellen will discuss the state of America's economy later today, as GM is grilled by Congress about sweeping vehicle recalls
Federal Reserve Chair Janet Yellen will discuss the state of America's economy later today, as GM is grilled by Congress about sweeping vehicle recalls. Jill Wagner has the top financial stories.
European banking authorities plan to cut lending rates and take other action to bolster the region's sagging economy. But is it enough to kick-start growth? CBS MoneyWatch contributor Anthony Mirhaydari explains
European banking authorities plan to cut lending rates and take other action to bolster the region's sagging economy. But is it enough to kick-start growth? CBS MoneyWatch contributor Anthony Mirhaydari explains.
Senate adjourns for the weekend with no breakthrough on ending shutdown
Senators continued to express cautious optimism over bipartisan talks to end the shutdown, but the chamber adjourned without another vote.
Trump calls on Senate Republicans to "Get rid of the Filibuster"
President Trump's call to terminate the filibuster could alter the ways the Senate and congressional dealmaking operate.
Prince Andrew stripped of titles and must surrender lease to Windsor mansion
Prince Andrew has been stripped of his titles and must surrender his lease to Royal Lodge, according to a statement from Buckingham Palace.
Here's what Trump says he and Xi agreed to in their meeting
President Trump said the U.S. and China reached deals on several items, including a short-term agreement on rare-earth minerals, and soybean sales to China.
Justice Department investigating Black Lives Matter foundation, source says
The Justice Department is investigating whether donations to the national Black Lives Matter foundation were misused by the group's leadership, according to a source familiar with the investigation.
At least 28 dead as Hurricane Melissa leaves Jamaica, Haiti, Cuba reeling
People across the northern Caribbean were digging out from the destruction of Hurricane Melissa on Thursday as deaths from the catastrophic storm climbed.
Comey asks court to toss indictment, arguing senator's questions were "confusing"
Former FBI Director James Comey is arguing his testimony in response to Sen. Ted Cruz's questions was "literally true" and cannot support a conviction.
Pardoned Jan. 6 defendant arrested near Obama's home sentenced to time served
Taylor Taranto, a pardoned Jan. 6 defendant, was later convicted of charges stemming from livestreaming a bomb threat in 2023 as he drove around former President Barack Obama's D.C. neighborhood while armed,
5 arrested in connection with overdose death of Robert De Niro's grandson
Five people have been federally charged in connection with the 2023 overdose death of actor Robert De Niro's grandson and two others, authorities said Thursday.