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President Trump slammed Jerome Powell on Thursday morning, a day after the Federal Reserve chairman said the Trump administration's tariff policy could lead to higher inflation and slower economic growth. CBS News' Natalie Brand has more on Mr. Trump's response.
Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.
It was another volatile day on Wall Street after comments from Federal Reserve Chair Jerome Powell, who spoke at the Economic Club of Chicago. Kelly O'Grady explains.
Federal Reserve Chair Jerome Powell has issued a stark warning on the far-reaching inflation impact of the Trump administration's economic policies. His comments come as new Commerce Department data shows that retail sales rose more than expected last month with some economists attributing that to people trying to get ahead of tariff-driven price increases. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Stocks fell sharply on Wednesday due in part to tariff concerns. CBS News MoneyWatch correspondent Kelly O'Grady breaks down Federal Reserve Chair Jerome Powell's warning about tariffs.
Wall Street saw a sea of red on Wednesday as Federal Reserve Chair Jerome Powell said tariffs came in larger than expected, which will lead to "at least a temporary rise" in inflation. CBS News MoneyWatch correspondent Kelly O'Grady has the biggest takeaways.
Federal Reserve Chair Jerome Powell said higher inflation and slower growth are more likely as more details emerge about President Trump's tariffs. CBS News contributor Javier E. David has more.
President Trump and Federal Reserve Chair Jerome Powell are commenting on what they think is the future of U.S. economic growth. This comes as the world reacts to Mr. Trump's tariffs announcement. Isabel Wang, a reporter at MarketWatch, joins CBS News with more.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration economic policies
Federal Reserve Chair Jerome Powell took questions from lawmakers on Capitol Hill and was grilled about Elon Musk's Department of Government Efficiency (DOGE) accessing the personal information of Americans. CBS News contributor Javier David has more.
Federal Reserve chair Jerome Powell is testifying in front of lawmakers Tuesday where he's expected to face questions ranging from rate policies to the department's independence from President Trump. CBS News contributor J.D. Durkin has more.
Economy showed solid fourth-quarter growth, though roughly a percentage point below economist expectations.
After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job market and stubborn inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more on the decision and President Trump's reaction.
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
The mid-decade map redraw adds five Republican-leaning districts and sets up a legal showdown over minority representation.
The Justice Dept. released transcripts of Deputy AG Todd Blanche's two-day interview with convicted sex trafficker and Jeffrey Epstein associate Ghislaine Maxwell.
The Trump administration may try to deport Kilmar Abrego Garcia to Uganda days after he was released from pre-trial detention, according to a DHS official.
California prison officials have denied parole for Erik and Lyle Menendez.
President Trump also said he's willing to bring in the "regular military," not just the National Guard.
A tour bus with more than 50 passengers lost control and rolled over on the New York State Thruway near Pembroke, killing five people, police said.
Speaking with reporters on Friday, President Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan.
Lt. General Jeffrey Kruse is no longer Defense Intelligence Agency director, a senior defense official confirmed Friday.
The FBI confirmed it that it searched former national security adviser John Bolton's house early Friday morning.