Stocks fall after June inflation report
The Dow Jones finished the day down on Tuesday after new data showed inflation accelerated in June, rising 2.7% on an annual basis. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Jerome Powell
Trump urges Fed to lower rates amid CPI data
President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Breaking down June inflation data
Consumer Price Index data for June emerged Tuesday, showing a 0.3% rise for the month and a 2.7% annual rate. CBS News' Natalie Brand has more from the White House.
GOP Rep. Hill on if Trump can fire Powell
Rep. French Hill, chairman of the House Financial Services Committee, told "Face the Nation with Margaret Brennan" that he doesn't believe President Trump can fire Fed chair Jerome Powell as the White House looks into his authority to do so. Mr. Trump has repeatedly expressed frustration with Powell refusing to lower interest rates, although board members of independent federal agencies like the Federal Reserve can only be forced out before their terms expire "for cause."
Stocks fall after Trump's Canada tariff threat
Stocks tumbled on Friday after President Trump threatened to slap a 35% tariff on Canadian goods. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Trump blasts Powell on interest rates
President Trump is insisting that Federal Reserve Chair Jerome Powell should lower interest rates. CBS MoneyWatch correspondent Kelly O'Grady has more.
Trump tariffs have delayed interest rate cuts, Fed Chair Powell says
Federal Reserve Chief Jerome Powell said it is premature to lower interest rates, citing the potential impact of tariffs.
Powell: Trump tariffs delayed rate cuts
Federal Reserve Chair Jerome Powell said Tuesday the Trump administration's tariffs led the Fed to put interest rate cuts on hold. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Why the Fed is keeping rates steady for now
In two days of congressional testimony, Federal Reserve Chair Jerome Powell defended his decision to keep interest rates steady and vowed Fed policy wouldn't be influenced by President Trump's pressure. Jo Ling Kent has more.
Fed Chair: Tariffs could drive up inflation
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Powell says economy is in a solid position
Federal Reserve Chairman Jerome Powell gave his take on the state of the economy Wednesday as he testified before the Senate Banking Committee. CBS News senior business and technology correspondent Jo Ling Kent has more.
Bondi pressed about DOJ cost-cutting
Attorney General Pam Bondi testified before the Senate Appropriations Committee about the Justice Department's budget on Wednesday. Meanwhile, Federal Reserve Chair Jerome Powell delivered his semiannual monetary report to the Senate Banking Committee. CBS News congressional correspondent Nikole Killion has more.
Garcia elected top Democrat on Oversight panel
Rep. Robert Garcia of California has been elected as the top Democrat on the House Oversight Committee, becoming one of his party's most visible foils to the Trump administration. Political strategists Joel Payne and Matt Gorman, along with CBS News political director Fin Gómez, join "The Takeout" with analysis.
Stocks rally in wake of Israel-Iran ceasefire
The stock market rallied for a second day on Tuesday as tensions with Iran sent oil prices plummeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Fed Chair Powell holds firm on interest rates, resisting pressure to cut
Federal Reserve Chair Jerome Powell, who is testifying before Congress this week, said tariffs are "likely to push up prices."
Trump says "maybe" he'll try to fire Fed chief Jerome Powell
President Trump entertained the idea of firing Jerome Powell on Friday, a legally untested and contentious move.
Trump reacts to Fed's interest rate decision
President Trump is blasting Federal Reserve Chairman Jerome Powell for his decision to leave the benchmark interest rate unchanged. CBS News contributor Javier David has more.
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 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.
Trump blasts protesters involved in violence
President Trump signed a bill on Thursday that blocks California's ban on the sale of gas cars. Mr. Trump then answered questions about the anti-ICE protests in Los Angeles, the state of U.S.-Iran nuclear talks and more. CBS News' Olivia Rinaldi has more details.
Iran's exiled crown prince urges Trump to intervene soon so regime "finally collapses"
In an interview with CBS News' Norah O'Donnell on Monday, Iran's exiled Crown Prince Reza Pahlavi said, "We need action to be taken."
Trump briefed on military, cyber, psychological options for Iran, sources say
President Trump has been briefed on a wide array of military and covert tools that can be used against Iran that go well beyond conventional airstrikes, including cyber operations and psychological campaigns, Pentagon officials said.
Lawmakers to visit Denmark as Trump threatens to take over Greenland
President Trump's remarks about taking Greenland by military force have prompted bipartisan criticism from lawmakers who have said they do not support acquiring the Danish territory in such a way.
Trump slaps 25% tariffs on any countries that do business with Iran
President Trump said Monday he's imposing 25% tariffs on all countries that do business with Iran, as the administration pressures the Iranian government amid anti-regime protests.
Deputy to Lindsey Halligan fired over James Comey case
Lindsey Halligan's deputy in the U.S. attorney's office in the Eastern District of Virginia, Robert McBride, was fired after refusing to lead the prosecution of James Comey, a source said.
Minnesota, Twin Cities file lawsuit in effort to stop ICE surge in state
The state of Minnesota, along with the cities of Minneapolis and St. Paul, are suing Department of Homeland Security Secretary Kristi Noem and other federal officials in an effort to stop the surge of federal law enforcement officials coming into the state.
Colorado Gov. Polis on "pro-freedom" vaccine stance, fraud claims from Trump
"We have rights. Fundamental rights," Polis said. "When you're minding your business and doing your own thing, really, the government shouldn't interfere."
Warren says Congress could work with Trump to cap credit card rates
Sen. Elizabeth Warren, a progressive Democrat from Massachusetts, said she told President Trump Congress could cap credit card rates if he pushes for it.
Former U.S. Navy sailor gets more than 16 years for selling secrets to China
Patrick Wei, a former U.S. Navy sailor who sold manuals for ships and operating systems to an operative working for China, was sentenced to more than 16 years in prison, prosecutors said.