Fed Chair on why rates stayed steady
The Federal Reserve is keeping interest rates unchanged for now, but as many as two interest rate cuts could occur later this year. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Federal Reserve
Federal Reserve maintains its benchmark interest rate at June meeting
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
Why the Fed held interest rates steady again
The Federal Reserve held its benchmark interest rate steady on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Fed leaves interest rates unchanged
The Federal Reserve held interest rates steady again on Wednesday, despite pressure from President Trump to cut rates. CBS News business analyst Jill Schlesinger reports.
The Fed is making a rate decision today. Here's what to expect.
The Federal Reserve Board will announce its next rate decision today, June 18, at 2 p.m. EST.
Trump says Fed Chair is "not a smart person"
President Trump said that Federal Reserve Chair Jerome Powell is "not a smart person" ahead of Wednesday's interest rate decision. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
Fed set to decide interest rates
The Federal Reserve is set to announce what's next for its benchmark interest rate on Wednesday. CBS News business contributor Javier David joins "CBS Morning News" with more on what to expect.
Fed to make next interest rate decision
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to break down the Federal Reserve's looming interest rate decision that happens Wednesday and what consumers can expect.
Oil prices soar amid Israel-Iran conflict
Oil costs soared Tuesday as the conflict between Israel and Iran intensified, with crude prices up more than four percentage points. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed expected to hold interest rates steady
The Federal Reserve is meeting for the next two days and will announce its latest decision on U.S. interest rates Wednesday. Javier David, the business editor at the Dallas Morning News, joins with more.
Janet Yellen: A matter of interest
Correspondent Rita Braver sits down for an exit interview with Janet Yellen, the outgoing chair of the Federal Reserve, to talk about her trailblazing career, the state of the economic recovery following the Great Recession, and leaving a job she loves too soon.
May jobs report released
The May jobs report showed 139,000 jobs were added in the last month. CBS News MoneyWatch correspondent Kelly O'Grady has the latest details, and CBS News' Aaron Navarro has updates from the White House as President Trump reacts to his feud with Elon Musk.
2/4/2024: Chairman Powell; A Hole in the System; The Mismatch
First, Fed Chair Jerome Powell: The 2024 60 Minutes Interview. Then, a report on the growing number of Chinese migrants crossing into the U.S. at the southern border. And, a look at how a sports betting boom is fueling concerns over problem gambling.
ADP employment report shows hiring slowdown
ADP's May employment report, released on Wednesday, suggests that the labor market is weakening. CBS News MoneyWatch correspondent Kelly O'Grady unpacks the data and what it could mean for the U.S. economy.
Jerome Powell: The "60 Minutes" interview
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy.
Will the Fed raise interest rates again?
Federal Reserve Chairman Jerome Powell shares his outlook on the U.S. economy and tells 60 Minutes whether or not another interest rate hike is on the horizon
Powell says the president can't fire him
Jerome Powell tells "60 Minutes" he fully intends to serve his four-year term.
How the opioid crisis affects the economy
Jerome Powell tells 60 Minutes about the factors that have led the United States to have a lower labor force participation rate than almost every other advanced country
Fed Chair Powell on income disparity
Powell tells "60 Minutes" how the Fed can help combat low mobility and income stagnation.
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.
Over 12,000 feared dead after Iran's crackdown on protesters
Information trickling out of Iran suggests a far deadlier crackdown on protesters than previously reported.
Listen Live: Supreme Court hears arguments over transgender athlete bans
The Supreme Court is hearing two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
Democrats want to know if any Jan. 6 rioters are now working for ICE
Nearly one year after the mass pardon of more than 1,500 Trump-supporting Capitol riot defendants, House Democrats are asking whether any of the pardoned rioters are now working for ICE.
Their 21 kids were taken by the state. They've since had more surrogate-born babies.
The couple had so many kids in their Los Angeles-area mansion a neighbor "thought it was a kindergarten." The investigation has only gotten stranger.
Scott Adams, Dilbert comic strip creator, dies at age 68
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Foreign central bank chiefs voice "full solidarity with" Fed chief Powell
The heads of 10 central banks and other financial institutions say it's "critical to preserve" the Fed's independence, as Powell is pressured by the Trump administration.
Mass resignations at DOJ Civil Rights Division, sources say
At least six prosecutors, most of whom are supervisors in the Civil Rights Division's criminal section, will be leaving their jobs.
Clintons won't testify in Epstein probe as House Oversight GOP threatens contempt
Republican Rep. James Comer of Kentucky, the committee's chairman, said the panel will move next week on holding them in contempt.
Trump administration ending deportation protections for 2,500 Somalis
The U.S. government is revoking the legal status of several thousand immigrants from Somalia.