President Trump's choice for new Fed chair says he thinks the central bank should be independent
Kevin Warsh said he's "never made any promises to the president" in a hearing before the Senate banking committee.
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Kevin Warsh said he's "never made any promises to the president" in a hearing before the Senate banking committee.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
Chair of the Federal Reserve Jerome Powell called the subpoenas a threat and a consequence for not listening to the president.
The Trump administration served grand jury subpoenas to the Federal Reserve on Sunday night.
Natalie Brand reports from the White House.
President Trump confirmed CBS News reporting that he discussed firing Federal Reserve Chairman Jerome Powell with Republican lawmakers. CBS's Erica Brown reports.
Stock markets were up early Wednesday as the president said he had no intention of firing Jerome Powell. Natalie Brand of CBS News reports.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
The Federal Reserve raised interest rates by one quarter of a percentage point at its meeting today. CBS News political correspondent Caitlin Huey-Burns, CBS News contributor and managing editor for business and markets for Axios Javier David, and host of "TheStreet" J.D. Durkin joins us with more on the impact and the reaction.
Sen. Elizabeth Warren's St. Patrick's Day breakfast jokes touched on Federal Reserve Chair Jerome Powell and the Silicon Valley Bank collapse.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Warren has previously called Powell a "dangerous man" to lead the Fed.
With so much uncertainty in the world, economic recovery will be a long, slow process.
A young man was shot and killed in Boston's Dorchester neighborhood early Friday morning
Hannah Strom, who suffered critical injuries in a devastating crash that killed her friend and Holy Cross rowing teammate, is now working to help other patients at Spaulding Rehab Hospital.
The average cost of gas could hit $4.48 on Memorial Day, which is up from $3.14 last year, according to GasBuddy.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
Nine students were taken to the hospital as a precaution after a car struck a school bus in Everett, Massachusetts on Thursday afternoon.
A young man was shot and killed in Boston's Dorchester neighborhood early Friday morning
Nine students were taken to the hospital as a precaution after a car struck a school bus in Everett, Massachusetts on Thursday afternoon.
A Waltham, Massachusetts firefighter is recovering at home after suffering injuries from a falling tree.
The Memorial Day weekend weather forecast calls for rain at times but also chances for sun in the Boston area.
A judge ordered Memorial Drive shooting suspect Tyler Brown to remain in custody after a dangerousness hearing Thursday.
Many people fear that a family history of dementia dooms them to inevitably suffer the condition themselves. But a new tool, the Brain Care Score, shows how lifestyle changes can be beneficial, cutting the risk of dementia.
There was a possible measles exposure at Logan Airport in Boston last week, Massachusetts health officials say.
A new study finds that a simple blood test could predict Alzheimer's disease long before symptoms appear.
The Lone Star tick, which can cause alpha-gal syndrome, is spreading north throughout Massachusetts.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
A driver from Southboro, Massachusetts struggled for months to unravel a frustrating mix up with his E-ZPass account.
The gunman who allegedly opened fire on passing cars on Memorial Drive in Cambridge, Massachusetts is 46-year-old Tyler Brown from Boston.
There have been four violent attacks in three weeks at Tewksbury Hospital and a state representative is taking the fight to Beacon Hill to give security the non-lethal equipment back.
A family is demanding answers from the Gloucester, Massachusetts school district, after learning their five-year-old son was left alone in a quiet room for nearly half an hour.
A nurse says the decision is leaving the staff and patients at Tewksbury Hospital vulnerable to serious injury.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Dover Saddlery is closing its Wellesley, Massachusetts store and preparing for more than 100 layoffs.
The "dirty soda" trend is coming to drive-thrus all over Massachusetts as Dunkin' is now serving up its own version of the viral drink.
Smokey Bones is closing all of its restaurants, including Massachusetts locations in Tyngsboro and Taunton.
Boston ranks right up there with Hawaii as one of the most expensive vacation spots in the country, according to a new report.
The Market Basket Board of Directors was justified in firing longtime CEO Arthur T. Demoulas, a judge ruled Monday.
Known formally as Gurnet Light, a historic lighthouse has guided mariners at the entrance to Plymouth Harbor for generations.
From private cruises to quintessential clambakes, Essex River Cruises offers a front-row seat to the beauty of the Great Marsh.
Argia Mystic Cruises in Mystic, Connecticut is one of the last commercial sailing ships in the region, offering a rare chance to explore the area by sea.
A 2026 James Beard Award finalist for Best Chef, and 3-time Chopped champion, Evan Hennessey uses locally farmed and foraged foots to create artistically inspired dishes.
In Groton, Massachusetts, there is a recently opened state-of-the-art venue that is becoming one of the region's premier nonprofit music destinations.
Kyle Busch's family earlier Thursday announced he had been hospitalized with a "severe illness."
Jarren Duran's opposite-field two-run homer in the seventh inning rallied the Boston Red Sox to a 4-3 win over the Kansas City Royals on Wednesday night.
The Boston Red Sox beat the Kansas City Royals 7-1 on Tuesday night.
Willson Contreras hit his team-leading 10th homer and Sonny Gray outdueled Seth Lugo as the Boston Red Sox beat the Kansas City Royals 3-1 on Monday night.
The first-place Braves took two of three from Boston for their 13th win in 15 series this season.
A Boston man says he's lucky to be alive after jumping into the Charles River to save his dog.
Little Joe the gorilla is leaving Boston after decades at the Franklin Park Zoo.
There's been another sighting of an unusual killer whale named Old Thom in the waters off Massachusetts.
A soccer coach in Ludlow, Massachusetts plans to pay it forward after winning big on a lottery scratch ticket.
The Rumney Rocks Climbing Area is partially closed as nesting peregrine falcons could attack rock climbers.