Fed Chair Powell on income disparity
Powell tells "60 Minutes" how the Fed can help combat low mobility and income stagnation.
Federal Reserve
Trump again urges Fed to lower interest rates
President Trump is again publicly calling for Federal Reserve Chair Jerome Powell to lower interest rates after a new employment report shows job creation slowed in May. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Trump announces doubled tariffs on steel
On Friday in Pennsylvania, President Trump announced that "we are going to be imposing a 25% increase, from 25% to 50%, the tariffs on steel into the U.S., which will even further secure the steel industry in the U.S." CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.
Fed's preferred gauge shows inflation cooling
New economic data released on Friday showed higher U.S. personal income, a softening of inflation and lower trade deficits. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Trump met with Fed chair Powell
President Trump met with Federal Reserve Chair Jerome Powell at the White House as the nation navigates prolonged inflation and a period of economic uncertainty. CBS News chief White House correspondent Nancy Cordes has more details.
Fed chair Jerome Powell meets with Trump at White House
Fed Chair Jerome Powell and President Trump met Thursday to discuss economic growth, employment and inflation.
Impact of Moody's U.S. credit downgrade
The international credit agency Moody's has downgraded the U.S.' credit rating from its highest AAA rating to Aa1. CBS News senior business and technology correspondent Jo Ling Kent explains what the move could mean for the average American.
Fed warns of higher long-term interest rates
Federal Reserve Chair Jerome Powell warned about the possibility of higher long-term interest rates amid more frequent "supply shocks." CBS News business contributor Javier David breaks it down.
Federal Reserve leaves its benchmark interest rate unchanged
The Federal Reserve is again leaving its benchmark interest rate at 4.25% to 4.5%, citing rising economic uncertainty.
Behind Fed decision to hold rates steady
The Federal Reserve left its benchmark interest rate unchanged. Jo Ling Kent reports.
Why did the Fed hold rates steady?
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
Fed ignores Trump's call for cuts
The Federal Reserve held interest rates steady on Wednesday, going against President Trump's repeated calls for cuts. CBS News' Jo Ling Kent and Weijia Jiang have the latest.
Powell warns of risks from tariffs
The Federal Reserve held interest rates steady on Wednesday as policymakers assessed the economic impact of President Trump's tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Fed leaves interest rates unchanged
The Federal Reserve announced Wednesday that it would leave interest rates unchanged despite pressure from President Trump to cut rates. CBS News' Kelly O'Grady and Weijia Jiang have the latest.
Fed to make next interest rate decision
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the Federal Reserves' upcoming interest rate decision on Wednesday and what it could mean for your finances.
Small businesses deal with trade uncertainty
Treasury Secretary Scott Bessent told House lawmakers Tuesday that progress is being made on foreign trade talks, but not with China. That could change on this week though. CBS News MoneyWatch correspondent Kelly O'Grady has more on this and other economic news of the day.
Trump wants the Fed to cut rates on Wednesday. Will it oblige?
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
The key points in Trump's budget proposal
The Trump administration has unveiled its budget blueprint for 2026. Now, it's only a matter of getting Congress on board. Plus, more jobs were added to the U.S. economy in April than expected, despite uncertainty with the Trump administration's tariff plans against trade partners. CBS News' Willie James Inman and Jo Ling Kent have the latest.
Trump calls on Fed to lower rates
Employers added 177,000 jobs last month as the labor market keeps humming, for now, despite all the turmoil caused by President Trump's tariffs. The White House is taking credit for the job growth after blaming former President Biden for the drop in gross domestic product earlier this week. Mr. Trump said this is a sign that Federal Reserve Chair Jerome Powell should cut interest rates. CBS News' Ed O'Keefe and Jo Ling Kent report.
Breaking down what the Federal Reserve does
As Financial Literacy Month continues, CBS News business analyst Jill Schlesinger breaks down what the Federal Reserve does and why it matters, following President Trump's latest attacks on Federal Reserve Chair Jerome Powell.
Trump says he has "no intention of firing" Fed chief Jerome Powell
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
Trump: "No intention of firing" Powell
President Trump told reporters Tuesday he has "no intention of firing" Federal Reserve Chairman Jerome Powell, one day after Mr. Trump called Powell a "major loser." Stef Kight, politics reporter at Axios, and Jake Traylor, White House reporter at Politico, join "America Decides" to discuss the president's comments and more.
Leavitt suggests Fed Reserve isn't independent
White House press secretary Karoline Leavitt spoke about a potential trade deal with China and addressed President Trump's attacks on Federal Reserve chair Jerome Powell during Tuesday's press briefing. CBS News White House reporter Aaron Navarro has more.
Stocks tumble as Trump criticizes Powell
CBS News business analyst Jill Schlesinger breaks down what to know after stocks fell Monday following President Trump's criticism of Fed chair Jerome Powell. Last week, Powell warned tariffs could hurt the U.S. economy.
Breaking down Wall Street's reaction to Trump
President Trump started the day calling Federal Reserve Chairman Jerome Powell names and pressuring him to lower interest rates. The comment caused an immediate reaction on Wall Street. Kelly O'Grady has analysis.
Appeals court rules many of Trump's tariffs are illegal, but doesn't halt them
A federal appeals court said many of the tariffs imposed by President Trump on dozens of countries earlier this year are not legally permissible, but didn't halt them.
Illinois Gov. Pritzker says sending troops to Chicago would be an "invasion"
Illinois Gov. JB Pritzker told CBS News that President Trump has "other aims" aside from fighting crime, as he vows to crack down in Chicago.
SSA chief data officer resigns after filing whistleblower complaint
Charles Borges filed a whistleblower complaint alleging DOGE employees uploaded a copy of all U.S. Social Security info to a "vulnerable cloud environment."
Pentagon mulls speeding process to reinstate troops discharged over COVID vaccine
Veterans forced out under the mandate have been frustrated by what they described as a slow, arduous process to return to service.
Missouri's Republican governor calls special session on redistricting
Republican Gov. Mike Kehoe made the announcement just hours after Texas GOP Gov. Greg Abbott signed into law a new congressional voting map designed to help Republicans gain five more seats in the 2026 midterm elections.
Judge blocks Trump admin. from expanding fast-track deportations nationwide
A federal judge dealt a major blow to the Trump administration's mass deportation efforts late Friday, blocking it from expanding a process called expedited removal nationwide.
CVS and Walgreens limit access to COVID vaccines as required by some state guidelines
CVS said the pharmacy chain cannot vaccinate those even with a prescription in Massachusetts, Nevada and New Mexico due to state laws and regulations.
Bones found in search for father accused of killing 3 daughters
The FBI said it found bones while searching for signs of Travis Decker. The bones were being analyzed to determine if they are human or animal.
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.