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CBS MoneyWatch contributor Anthony Mirhaydari breaks down Federal Reserve Chair Janet Yellen’s congressional testimony on Wednesday regarding the pace of economic growth.
As the Federal Reserve continues scaling back its economic stimulus program, investors are watching for signs that inflation is creeping up. CBS MoneyWatch contributor Anthony Mirhaydari explains.
Federal Reserve Chair Janet Yellen spoke Monday morning, saying stimulus measures are still needed to boost the economy. In a speech in Chicago Yellen also said low interest rates could encourage both borrowing and spending. Jericka Duncan has that story and more MoneyWatch headlines.
You can soon start trading in your used video games at Walmart stores. But there's one catch: You won't get cash -- instead you'll get credit to buy merchandise at Walmart and Sam's Club stores or on the retailer's website.
If you think your job is tough, consider Ben Bernanke's. As Chairman of the Federal Reserve, the task of reviving the U.S. economy falls largely on his shoulders. Scott Pelley has the interview.
President Biden is facing opposition from Republicans to his $1.9 trillion COVID-19 relief bill. One big question: How would the nation pay for it? Professor Jeffrey Sachs, director of Columbia University's Center for Sustainable Development, joins CBSN's Lana Zak to discuss what it would mean for the economy in the long run.
Policymakers say how quickly the economy rebounds hinges on the course of the pandemic and pace of vaccinations.
Lawmakers are expected to approve a $900 billion coronavirus relief bill by the end of the day. It will include $600 stimulus checks for many Americans and enhanced unemployment benefits. Heather Long of the Washington Post joined CBSN to explain why many experts don't think that'll be enough to stave off an economic slide in the long run.
Congress has until the end of the weekend to agree on a deal to fund the government. On Friday, lawmakers on Capitol Hill passed a two-day extension for funding, preventing a government shutdown. The added time buys Congress additional time to negotiate terms on a coronavirus relief package. Washington Post political reporter and anchor of the Power Up newsletter, Jacqueline Alemany, joins CBSN with the latest.
Shelton's nomination was stalled on a procedural vote, with Vice President-elect Kamala Harris casting a key vote.
Another round of relief is needed to help contain the coronavirus and boost people's savings.
Raphael Bostic, the president and CEO of Federal Reserve Bank of Atlanta, says "we have to change the trajectory for the generations to come."
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, October 11, 2020, on "Face the Nation."
Interest rates are expected to stay low for years as the U.S. economy struggles to recover from coronavirus hit.
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. 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. 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, 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.
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."
Missed the second half of the show? The latest on the coronavirus pandemic, the state of the economy and the 2020 presidential election
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."
Economist Claudia Sahm cites systemic sexism and racism as problems that compromise the quality of our economic policy.
The coronavirus "will weigh heavily on economic activity, employment and inflation," central bank says.
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.
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.
Senators continued to express cautious optimism over bipartisan talks to end the shutdown, but the chamber adjourned without another vote.
President Trump's call to terminate the filibuster could alter the ways the Senate and congressional dealmaking operate.
Prince Andrew has been stripped of his titles and must surrender his lease to Royal Lodge, according to a statement from Buckingham Palace.
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.
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.
Jamaica, Haiti and Cuba were assessing the damage and beginning to dig out after they were slammed by Hurricane Melissa, which left dozens dead.
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.
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,
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.