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.
Federal Reserve
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.
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.
Takeaways from Trump's Federal Reserve tour
President Trump visited the Federal Reserve on Thursday to tour its multi-billion-dollar renovation project. It comes amid his repeated public attacks on Fed Chair Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Johnson on Trump potentially firing Powell
House Speaker Mike Johnson told CBS News chief Washington correspondent Major Garrett that he understood President Trump's frustration with Federal Reserve Chairman Jerome Powell, adding that it's going to be "a rocky road" for the Fed chair between now and the end of his term in May 2026. CBS News MoneyWatch correspondent Kelly O'Grady and Barron's senior writer Martin Baccardax join with analysis.
Trump, Powell argue over Fed renovation costs
President Trump toured renovations at the Federal Reserve headquarters with Chair Jerome Powell on Thursday. The visit comes amid the president's criticism of Powell over the central bank holding interest rates steady. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trump visiting Federal Reserve
President Trump is visiting the Federal Reserve on Thursday as he continues to pressure Fed Chair Jerome Powell to cut interest rates. CBS News' Nancy Cordes has more.
Congresswoman refers Fed Chair Powell to DOJ
As tensions remain high between the White House and the central bank, a Republican congresswoman is hitting Federal Reserve Chair Jerome Powell with a criminal referral to the Justice Department. CBS News MoneyWatch correspondent Kelly O'Grady joins to examine the disconnect between the Trump administration and the Fed.
What does the Federal Reserve do, and why is Trump unhappy with chair Powell?
President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.
Trump official criticizes Fed chief Powell as Trump takes aim over interest rates
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
Sen. Kennedy warns Trump not to fire Powell
President Trump said Wednesday it's "highly unlikely" that he would fire Jerome Powell, but he continued to air his frustrations with the Federal Reserve chair. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Exclusive
Trump asked GOP lawmakers if he should fire Fed Chair Jerome Powell
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Trump frustrations with Powell intensifying
President Trump has relentlessly criticized Fed Chair Jerome Powell for not cutting interest rates. Tuesday night, he privately floated firing Powell. Nancy Cordes reports.
Trump says it is unlikely he will fire Powell
President Trump is escalating his feud with the man he selected to lead the Federal Reserve back in 2017. Mr. Trump told reporters at the White House on Wednesday that Fed Chair Jerome Powell has done a "terrible job" leading the nation's top bank. CBS News senior White House correspondent Weijia Jiang has more.
Sen. Warren defends Powell amid Trump attacks
Democratic Sen. Elizabeth Warren of Massachusetts, a longtime critic of Jerome Powell, is speaking out against President Trump's threats to fire the Fed chair. Warren joins "The Takeout" to explain her position and take stock of Mr. Trump's economy.
Trump on firing Powell: "Highly unlikely"
President Trump on Tuesday night privately floated firing Federal Reserve Chairman Jerome Powell, then publicly backed away on Wednesday. CBS News chief White House correspondent Nancy Cordes reports.
Trump meets with Bahrain's crown prince
President Trump took questions from reporters during a meeting in the Oval Office with Bahrain Crown Prince Salman bin Hamad Al Khalifa. Mr. Trump said it's "highly unlikely" he would fire Federal Reserve Chairman Jerome Powell after reports emerged he had asked GOP lawmakers if he should do it. CBS News' Ed O'Keefe discusses after the meeting.
Ex-Trump adviser John Bolton indicted for allegedly mishandling classified info
Bolton is the third prominent critic of President Trump to be indicted in recent weeks. All three have denied wrongdoing.
Trump says he'll meet with Putin in Budapest to discuss end to Ukraine war
President Trump said "great progress" was made in his call with the Russian president Thursday.
Senate again fails to advance funding bill as shutdown enters Day 17
The Senate failed to advance a Republican bill to extend government funding and end the shutdown for a 10th time.
U.S. strikes another boat in Caribbean — and there are survivors, official says
The U.S. military struck a sixth boat in the Caribbean Sea on Thursday, and there were survivors aboard the vessel, a U.S. official told CBS News.
Ace Frehley, Kiss' original lead guitarist, dies at 74
Frehley was recovering from a "minor fall" that forced him to cancel a scheduled performance in late September.
U.S. flew B-52 bombers off coast of Venezuela
The U.S. military flew three B-52 bombers on missions near the coast of Venezuela on Wednesday, as the Trump administration continues to exert pressure on the country.
U.S. military commander who oversaw strikes against alleged drug boats will retire
The head of the U.S. military's Southern Command will retire this year, a high-profile departure as the Trump administration strikes alleged drug boats and pressures Venezuela.
DOJ says a "North Texas Antifa Cell" attacked a Texas ICE facility, 2 men indicted
The Justice Department charged two North Texas men with terrorism, accusing them of organizing an antifa-linked July 4 attack on an Alvarado ICE facility.
E-bikes are booming — and so are the risks for younger riders
E-bikes, now a nearly $2 billion market, are exploding in popularity, but increased sales come with increased risks.