How will Jerome Powell be remembered as he exits as Fed chair?
As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
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As Powell steps down after more than eight years leading the Federal Reserve, economists say he helped steer the U.S. through historic shocks but misread inflation.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
President Trump is fighting to reshape the Federal Reserve by replacing Chair Jerome Powell with Kevin Warsh — but if the Senate doesn't confirm Warsh by next month, it's not clear who will run the nation's central bank.
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
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.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
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.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first time since December 2024.
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
The central committee of the Colorado Democratic Party on Wednesday voted 89.8% in favor of a measure to censure Gov. Jared Polis.
A hidden fire that has been burning underground near Meeker since the 1930s is now hot enough that state crews are racing to stop it from sparking a wildfire above ground.
Long before satellite tracking and missile warning systems, Buckley was a training ground for U.S. forces preparing for World War II.
Mile High United Way is hosting a Women United Village event to support mothers from underserved communities.
Federal funding has been approved for a major water infrastructure project in Greeley aimed at protecting the city's drinking water supply from ongoing impacts tied to the Cameron Peak Fire in 2020.
The central committee of the Colorado Democratic Party on Wednesday voted 89.8% in favor of a measure to censure Gov. Jared Polis.
A hidden fire that has been burning underground near Meeker since the 1930s is now hot enough that state crews are racing to stop it from sparking a wildfire above ground.
Long before satellite tracking and missile warning systems, Buckley was a training ground for U.S. forces preparing for World War II.
Mile High United Way is hosting a Women United Village event to support mothers from underserved communities.
Federal funding has been approved for a major water infrastructure project in Greeley aimed at protecting the city's drinking water supply from ongoing impacts tied to the Cameron Peak Fire in 2020.
The group behind an upcoming rebate program is hoping to get more Coloradans to make the switch to heat pumps for their heating and cooling needs.
The central committee of the Colorado Democratic Party on Wednesday voted 89.8% in favor of a measure to censure Gov. Jared Polis.
The southbound lanes of I-25 reopened Wednesday morning near Castle Rock after a crash.
Denver Mayor Mike Johnston says street homelessness is at a nine-year low. Arapahoe County says it is also seeing big improvements in homelessness.
Gov. Jared Polis says a petition by hundreds of Democrats calling for him to be censored is politically motivated.
The Colorado Avalanche will begin the Western Conference final Wednesday night without star defenseman Cale Makar on the ice.
Ronda Rousey used her signature armbar to stop Gina Carano just 17 seconds into a comeback bout between the two MMA fighters.
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
The Preakness Stakes featured its biggest field in 15 years with 14 horses in the middle jewel of horse racing's Triple Crown.
The Broncos full NFL schedule is out and includes late-season rematches against Denver's 2025 playoff opponents.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
The $1.776 billion fund, which is part of the agreement to settle Trump's lawsuit against the IRS and Treasury Dept., is to be used to compensate those who claim that the government weaponized the legal system against them.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. The latest average of $4.50 a gallon is an increase of over $1.50 since the war started.
The central committee of the Colorado Democratic Party on Wednesday voted 89.8% in favor of a measure to censure Gov. Jared Polis.
Federal funding has been approved for a major water infrastructure project in Greeley aimed at protecting the city's drinking water supply from ongoing impacts tied to the Cameron Peak Fire in 2020.
The $1.776 billion fund, which is part of the agreement to settle Trump's lawsuit against the IRS and Treasury Dept., is to be used to compensate those who claim that the government weaponized the legal system against them.
University of Colorado Regent Wanda James has filed a federal lawsuit challenging a censure issued by the Board of Regents after she criticized a public health campaign she said included racist imagery.
Investigators have been looking at a handful of Chinese firms that together control the majority of unrefrigerated shipping container manufacturing around the globe, the sources said.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
Congress' decision not to extend enhanced marketplace tax credits has boosted the appeal of alternative health coverage with lower monthly premiums.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
An American medical missionary in the Democratic Republic of the Congo was evacuated after testing positive for Ebola.
The City of Denver and the parent company of the Denver Post have reached a tentative agreement to resolve a major lease dispute over the iconic downtown building that bears the newspaper's name, CBS News Colorado has learned.
Congress' decision not to extend enhanced marketplace tax credits has boosted the appeal of alternative health coverage with lower monthly premiums.
The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. The latest average of $4.50 a gallon is an increase of over $1.50 since the war started.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
Many Americans are signaling disapproval of the technology amid fears that it will eclipse already competitive entry-level jobs.
The City of Denver and the parent company of the Denver Post have reached a tentative agreement to resolve a major lease dispute over the iconic downtown building that bears the newspaper's name, CBS News Colorado has learned.
A federal system is working to crack down on trucks skirting safety regulations, a problem inspectors are seeing on Colorado roadways.
Glendale city leaders are forcefully opposing Colorado's proposed Bus Rapid Transit project on Colorado Boulevard, warning the plan could dramatically worsen traffic for drivers while delivering only modest transit gains.
A jury in Douglas County awarded a New Jersey man $24 million after he sued a Parker police detective for malicious prosecution and false arrest.
A Denver County Court judge on Friday sentenced a vocal police critic to 60 days in jail and two years of probation, saying he needed to send a message that would deter her and her YouTube followers from future doxing of law enforcement.