Powell: Economy has "pushed right through" trade changes
The Federal Reserve held interest rates steady on Wednesday, marking its first pause after three consecutive cuts in 2025. CBS News coordinating producer Richard Escobedo has the latest.
Federal Reserve
Fed holds interest rates steady in first meeting of 2026
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
No change to interest rates, Fed announces
The Federal Reserve announced Wednesday that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.
Fed to make first 2026 interest rate decision
The Federal Reserve is meeting Tuesday to discuss its first interest rate decision of 2026 on Wednesday. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Here's what to expect at the Fed's first interest rate meeting of 2026
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.
Trump officials predict a 2026 economic boom. Here's what experts say.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
Justices appear skeptical of Lisa Cook firing
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.
Why SCOTUS seems skeptical of Lisa Cook firing
The Supreme Court heard arguments on Wednesday over whether President Trump exceeded his authority when he fired Lisa Cook from the Federal Reserve Board of Governors. CBS News chief legal correspondent Jan Crawford joins with the key takeaways.
Stocks jump after Trump calls off Europe tariffs
Stocks jumped on Wednesday after President Trump said he reached a framework for a deal on Greenland and backed off his tariff threat against European allies. CBS News senior business and technology correspondent Jo Ling Kent reports.
SCOTUS seems inclined to keep Cook on Fed board
The Supreme Court appears likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now. Arguments in the case were heard Wednesday. CBS News' Jo Ling Kent has more.
Hearing on Lisa Cook sparks concern over Fed
The Supreme Court heard arguments Wednesday over the Trump administration's desire to oust Fed Governor Lisa Cook, which sparked concern over the Federal Reserve's independence. CBS News' Katrina Kaufman has the latest.
SCOTUS hears Lisa Cook case
The Supreme Court is hearing arguments Wednesday over the Trump administration's push to fire Lisa Cook from the Federal Reserve Board of Governors. CBS News contributor Jessica Levinson and Erin Delmore, a correspondent for the BBC, a CBS News partner, discuss the arguments.
SCOTUS arguments on Lisa Cook firing attempt
The Supreme Court is hearing arguments on President Trump's bid to remove Lisa Cook from her post on the Federal Reserve Board of Governors. CBS News' Katrina Kaufman reports.
Trump is taking aim at borrowing costs. Will it work — or backfire?
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
Trump: Jerome Powell has "been a lousy Fed chairman"
President Trump brushed off a question about whether the Justice Department probe amounts to political retribution.
Trump on Iran protests, Fed's Powell and more
President Trump shared a warning for Iran, called Jerome Powell a "lousy Fed chairman," and defended the ICE agent who killed Renee Good in Minneapolis during an exclusive interview with "CBS Evening News" anchor Tony Dokoupil.
Trump calls Powell incompetent or crooked
President Trump spoke to reporters about Federal Reserve Chair Jerome Powell amid an apparent Justice Department probe into building renovations. CBS News' Jake Rosen has more.
Warren on DOJ probe of Jerome Powell
Massachusetts Democratic Sen. Elizabeth Warren blasted the Justice Department for its apparent investigation into Federal Reserve Chair Jerome Powell. CBS News' Taurean Small reports.
Backlash over DOJ probe into Jerome Powell
The Justice Department's criminal investigation into Federal Reserve chair Jerome Powell is drawing backlash from both Democrats and Republicans. At least half a dozen Republicans were critical when asked about the probe, which has to do with cost overruns to renovate the Fed's century-old headquarters.
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.
Lawmakers on DOJ probing Jerome Powell
Lawmakers on both sides of the aisle are reacting to the news of the Justice Department investigating Federal Reserve Chair Jerome Powell. CBS News' Natalie Brand reports.
Powell says the Fed was served DOJ subpoenas over building renovations
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Former Fed chairs, Treasury chiefs condemn Trump admin's Powell probe
Three former Fed chairs and other top economic officials decry "prosecutorial attacks" on Jerome Powell, saying it undermines the central bank.
Lawmakers warn Fed's independence at stake
The Trump administration's Justice Department has launched a criminal investigation of Fed Chair Jerome Powell tied to the renovation of the Federal Reserve's headquarters. The move has prompted backlash from both sides of the aisle. Weijia Jiang reports.
How the Federal Reserve gained independence
Federal Reserve Chair Jerome Powell this weekend said that the Justice Department's investigation into him is a major test of the central bank's independence, which has been the norm since 1951. CBS News' Lindsey Reiser explains how the Fed became independent. Then, CBS News congressional correspondent Nikole Killion has more on lawmaker reaction to the probe.
Nancy Guthrie's family have been cleared as suspects, sheriff says
All family members of Nancy Guthrie have been cleared as suspects in her disappearance, authorities in Arizona said.
Live
2 killed in shooting at high school hockey game in Pawtucket, Rhode Island, police say
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
Robert Duvall, Oscar winner who starred in "The Godfather," dies at age 95
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Signal sniffer" to detect Nancy Guthrie's pacemaker deployed, sources say
A device that can pick up certain electronic signals is being used in the search for Nancy Guthrie, as it may detect emissions from her pacemaker, sources told CBS News.
Bobsledder Elana Meyers Taylor, 41, wins gold in 5th Olympic appearance
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Malinin hints at "inevitable crash" amid Olympic pressure, online hate
Team USA star skater Ilia Malinin, after multiple falls at the Winter Games, speaks of a struggle to "stay sane through the endless insurmountable pressure."
FBI refuses to share evidence in Alex Pretti killing, Minnesota investigators say
Minnesota's top investigative agency said Monday the federal government has formally refused to hand over evidence and information in the killing of Alex Pretti.
Canada's Megan Oldham takes gold in freestyle big air, Eileen Gu takes silver
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
7 highlights from CBS News town hall with Maryland Gov. Wes Moore
In a CBS News "Things That Matter" town hall, Maryland Gov. Wes Moore blasted President Trump — but also urged Democrats to change their perception as "the party of no and slow."
U.S.
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Nancy Guthrie's family have been cleared as suspects, sheriff says
All family members of Nancy Guthrie have been cleared as suspects in her disappearance, authorities in Arizona said.
Canada's Megan Oldham takes gold in freestyle big air, Eileen Gu takes silver
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
Live
2 killed in shooting at high school hockey game in Pawtucket, Rhode Island, police say
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
Why athleisure giant Lululemon is losing momentum
After a decade of rapid growth, Lululemon is struggling to find its footing in an increasingly saturated market.
Robert Duvall, Oscar winner who starred in "The Godfather," dies at age 95
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
MoneyWatch
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Why athleisure giant Lululemon is losing momentum
After a decade of rapid growth, Lululemon is struggling to find its footing in an increasingly saturated market.
Average tax refund is nearly 11% higher so far this year, IRS data shows
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
What's open and closed on Presidents Day 2026?
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
Prediction markets heat up on Valentine's Day as people place bets on love
Prediction markets are taking bets this Valentine's Day that celebrity relationships can thrive — or break apart.
January CPI report is the best inflation news in months. Here's why.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Politics
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They didn't just ignore audit warnings — California lawmakers quietly killed dozens of audit-backed bills
State lawmakers are promising accountability after a CBS News California investigation found they failed to enact three out of four state audit recommendations. CBS News California built an audit accountability tracker to help.
U.S., Hungary sign civil nuclear deal as Trump deepens ties with Orbán
Many of Hungary's neighbors say Prime Minister Viktor Orbán is eroding democracy, but President Trump is forging closer relations with the Putin ally.
Obama: Odds are aliens are real but I saw no signs of contact while president
After setting social media abuzz by saying aliens were real, former President Barack Obama said he didn't see evidence that aliens "have made contact with us."
7 highlights from CBS News town hall with Maryland Gov. Wes Moore
In a CBS News "Things That Matter" town hall, Maryland Gov. Wes Moore blasted President Trump — but also urged Democrats to change their perception as "the party of no and slow."
Full transcript of "Face the Nation with Margaret Brennan," Feb. 15, 2026
On this "Face the Nation with Margaret Brennan" broadcast, Tom Homan and House Minority Leader Hakeem Jeffries join Ed O'Keefe.
HealthWatch
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Measles cases at university in Florida soar to nearly 60
Twenty one states in the U.S. have confirmed cases of measles.
Can TrumpRx help you save money on drugs? Here's what experts say.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
Moderna says FDA refuses its application for new mRNA flu vaccine
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
What to know about a new study on coffee, tea and dementia risk
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
Thousands of mothers were flagged to police over flawed drug tests at childbirth
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
World
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Bobsledder Elana Meyers Taylor, 41, wins gold in 5th Olympic appearance
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Canada's Megan Oldham takes gold in freestyle big air, Eileen Gu takes silver
Defending Olympic champion Eileen Gu took silver in freeski big air at the 2026 Winter Olympics as Canada's Megan Oldham won the gold medal on Monday night.
21-year-old man facing terrorism charges in Taylor Swift concert attack plot
Austrian public prosecutors filed terrorism-related charges Monday against a 21-year-old defendant who they say planned to attack Taylor Swift's Eras Tour in 2024.
Team USA headed to women's hockey gold medal game at Winter Olympics
A Team USA win over Sweden sets up what could be a seventh gold-medal showdown against Canada on Thursday.
Malinin hints at "inevitable crash" amid Olympic pressure, online hate
Team USA star skater Ilia Malinin, after multiple falls at the Winter Games, speaks of a struggle to "stay sane through the endless insurmountable pressure."
Entertainment
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Entertainment
Robert Duvall dies at 95
Robert Duvall, known for his roles in "The Godfather," "Apocalypse Now" and more, has died at 95, his wife announced in a social media post Monday. CBS News correspondent Shanelle Kaul has more.
Robert Duvall, Oscar winner who starred in "The Godfather," dies at age 95
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
Stephen A. Smith: Always up for a debate
The high-profile ESPN and SiriusXM commentator and bestselling author is a combative and colorful voice on sports. But now, with a weekly political show in which he interviews government leaders, he is raising eyebrows in Washington, too.
Stephen A. Smith: Always up for a debate
High-profile ESPN and SiriusXM commentator and bestselling author Stephen A. Smith is a combative and colorful voice on sports. But now, with a weekly political show, in which he interviews government leaders, he is gaining notice in Washington, too. Smith talks with "Sunday Morning" national correspondent Robert Costa about his journey and whether he might soon be on a debate stage.
Paul Anka: Still doing it his way
The singer-songwriter who's remained on Billboard's Hot 100 Chart for seven straight decades has just released his latest album, "Inspirations of Life and Love." A youthful 84, he talks about his artistic longevity.
Technology
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Technology
Viral essay urges people to prepare for AI
If you've been on social media this week, you've likely seen an ominous warning about artificial intelligence in your feed: "Something big is happening." An essay from the CEO of an AI company, Matt Shumer, likens the current moment to February 2020, right before the start of COVID. Nate Soares, co-author of "If Anyone Builds It, Everyone Dies," joins to discuss.
Amazon ends Flock partnership after backlash over Super Bowl ad
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
FTC warns Apple's Tim Cook over alleged political bias in Apple News app
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
Russia blocks WhatsApp as it pushes state-backed alternative on citizens
The messaging platform WhatsApp says Russia has "attempted to fully block" its service inside the country, "to drive people to a state-owned surveillance app."
Science
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How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
These United States: George Washington and climate change
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Impact of climate change on Winter Olympics
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Crime
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Crime
Latest on Nancy Guthrie search, now in Day 16
Law enforcement confirmed Monday that all of Nancy Guthrie's family members have been cleared as suspects in her disappearance. CBS News reporter Andres Gutierrez has the latest from Arizona and former FBI supervisory special agent Lance Leising joins CBS News to discuss the search.
Early details on Rhode Island hockey shooting
At least two people are dead after a shooting at a hockey game in Pawtucket, Rhode Island. CBS News' Anna Schecter reports.
Sheriff: Nancy Guthrie's family cleared as suspects
All members of Nancy Guthrie's family members have been ruled out as suspects in her disappearance, Pima County Sheriff Chris Nanos said Monday. CBS News reporter Andres Gutierrez has the latest on the search for Guthrie and former FBI supervisory agent Doug Kouns joins to discuss the investigation.
Nancy Guthrie's family have been cleared as suspects, sheriff says
All family members of Nancy Guthrie have been cleared as suspects in her disappearance, authorities in Arizona said.
Live
2 killed in shooting at high school hockey game in Pawtucket, Rhode Island, police say
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
Space
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Fresh crew arrives at International Space Station to boost numbers back to 7
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
SpaceX launches crew to ISS
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
SpaceX launches space station crew on 8-month mission
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA, SpaceX mission prepares for launch
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
ULA rocket has booster problem while launching classified Space Force payloads
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
U.S. women's hockey team will play for gold
Team USA beat Sweden 5-0 in women's hockey on Monday, setting up a gold medal matchup with Canada. CBS News' Kelly O'Grady has more from Italy.
Stephen A. Smith not ruling out White House run
Stephen A. Smith, a force of nature in sports journalism, told Robert Costa on "CBS Sunday Morning" he's not ruling out a presidential bid in 2028. Political strategists Rina Shah and John McCarthy join CBS News to discuss.
Obama condemns ICE's behavior in Minneapolis
Former President Barack Obama offered his thoughts on incidents involving ICE in a podcast interview recently. CBS News senior White House correspondent Weijia Jiang has more.
Latest on Nancy Guthrie search, now in Day 16
Law enforcement confirmed Monday that all of Nancy Guthrie's family members have been cleared as suspects in her disappearance. CBS News reporter Andres Gutierrez has the latest from Arizona and former FBI supervisory special agent Lance Leising joins CBS News to discuss the search.
Early details on Rhode Island hockey shooting
At least two people are dead after a shooting at a hockey game in Pawtucket, Rhode Island. CBS News' Anna Schecter reports.