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This week on 60 Minutes: Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Norah O'Donnell interviews whistleblower Rick Bright; And, what will be the long-term effects of the coronavirus pandemic?
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
As President Trump calls for negative rates, Federal Reserve Chairman Jerome Powell tells 60 Minutes the central bank won't lower interest rates below zero.
Jerome Powell lays out his thoughts on getting the economy back to its pre-coronavirus numbers. The transcript from the Federal Reserve chairman's interview with Scott Pelley.
As President Trump calls for negative rates, Federal Reserve Chairman Jerome Powell tells 60 Minutes the central bank won’t lower interest rates below zero.
The Chairman of the Federal Reserve seldom gives interviews, but Ben Bernanke and Jerome Powell have both granted them to Scott Pelley in trying times for the U.S. economy.
The Chairman of the Federal Reserve seldom gives interviews, but Ben Bernanke and Jerome Powell have both granted them to Scott Pelley in trying times for the U.S. economy.
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
"This economy will recover. It may take a while," Federal Reserve Chairman Jerome Powell told Scott Pelley in an interview airing on "60 Minutes."
"This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really don't know," Federal Reserve Chairman Jerome Powell told Scott Pelley.
See the interview, Sunday at 7 p.m. ET/PT on CBS
See the interview, Sunday at 7 p.m. ET/PT on CBS
U.S. central bank chief urges Congress to boost relief, saying that a deeper slump "can leave behind lasting damage."
"The Fed has to bring the big guns," one analyst said of the central bank's efforts to rescue a slowing U.S. economy.
It's the biggest rate cut since the 2008 financial crisis — central bank says the virus poses "evolving risks."
Jerome Powell says economic growth is holding up, bolstered by the lowest jobless rate in nearly 50 years.
Jerome Powell visits White House for a chat with the president who has called U.S. central bankers "boneheads"
Central bank sees U.S. economy growing at solid pace, although slower growth overseas and trade tensions pose risks
U.S. central bank lowers borrowing costs for a third time this year, but signals it's the last cut for some time
Central bank has had to inject $200 billion into the banking system this week alone, though experts say not to worry
Trade war jitters, a manufacturing slowdown and other factors point to a second rate cut this year by the Fed
Federal Reserve Chairman Jerome Powell said interest-rate cuts can't offset the impact of trade tensions
While President Trump blasts Jerome Powell for slowdown, Fed officials put the blame squarely on trade tensions
White House's latest China tariff threat intended to scare central bank into more interest-rate cuts, analysts say
For most Americans, lower borrowing costs might not help as much as it has in the past -- here's why
The president made the dramatic move after engaging in months of public attacks against the central bank.
President Trump on Monday floated returning the Department of Defense to its prior name, the Department of War, calling its current moniker "too defensive."
A group of current and former FEMA officials is blasting the Trump administration for its sweeping changes to the disaster relief agency, days before the anniversary of Hurricane Katrina.
Wednesday night's Powerball jackpot will be an estimated $815 million, the game's seventh biggest, with an approximate cash value of $367.9 million, after no one won Monday's $750 million grand prize.
California Gov. Gavin Newsom's redistricting plan is facing more legal pushback as state Republicans filed another emergency petition to block a November special election on the proposal.
House Oversight Committee Chairman James Comer subpoenaed estate of Jeffrey Epstein, seeking over a dozen categories of documents.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
President Trump signed an executive order that seeks to go after people who burn the American flag.
Cracker Barrel badly misread its own customer base — and our culturally sensitive times — in trying to spruce up its image, experts say.