Trump nominates Kevin Warsh as next Federal Reserve Board chair
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.
Watch CBS News
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.
CBS News Business Analyst Jill Schlesinger talks with CBS News New York's Cindy Hsu about the potential impact of the Federal Reserve's interest rate decision
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.
CBS News New York's Lisa Rozner has more on how consumers are navigating the affordability crunch this holiday season.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
CBS News New York's Bradley Blackburn has more on what to expect from the Fed for the rest of the year.
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.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump visited the Federal Reserve's headquarters in Washington, keeping up the intense pressure he's been putting on Fed chair Jerome Powell.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
Ted Rossman, Bankrate Senior Industry Analyst joins CBS New York to preview what we can expect from this week's Federal Reserve meeting.
Vivian Tu, money influencer, CEO and founder of Your Rich BFF Media joins CBS New York to break down what Millennials and Gen Zers need to know about the Fed's rate cut.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
CBS News business analyst Jill Schlesinger breaks down why the federal reserve made the decision to cut its benchmark interest rate and what this means for the economy.
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.
A fight inside a Queens sports bar turned deadly when a man was shot and killed during the melee overnight, New York City police said.
The Nets went the first 8 1/2 minutes of the second quarter without a field goal during Friday night's 105-86 loss to the Thunder.
In New York City, water main breaks are a dime a dozen, especially during this time of year. But on a block in the Glendale section of Queens, it has been a case of Groundhog Day.
Despite unanimous opposition from the mayor of Roxbury Township, New Jersey, and its town council, ICE will eventually open a detention center in town.
Sweetbriar Nature Center has been working around the clock to save starving, freezing and injured animals amid the harsh winter weather.
A fight inside a Queens sports bar turned deadly when a man was shot and killed during the melee overnight, New York City police said.
Sweetbriar Nature Center has been working around the clock to save starving, freezing and injured animals amid the harsh winter weather.
When the Hudson River froze for 40 days in 1917, adventurous souls drove their cars on the ice between New York's Westchester and Rockland counties.
For the first time in 30 years, the Food and Drug Administration has approved a new treatment for an inoperable type of pancreatic cancer.
Mayor Zohran Mamdani touted the new law, which says employers must provide 32 more hours of unpaid protected time off per year.
A blizzard warning has been issued for New York City and the surrounding area as a major snowstorm develops along the coast.
Four people were arrested for a home invasion that shut down two schools in Fairfield, Connecticut Thursday morning.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
An air quality alert is in effect Wednesday for the second day for New York City and parts of the northern suburbs.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Despite unanimous opposition from the mayor of Roxbury Township, New Jersey, and its town council, ICE will eventually open a detention center in town.
A police pursuit ended in a fatal crash in Middlesex County, New Jersey.
A blizzard warning has been issued for New York City and the surrounding area as a major snowstorm develops along the coast.
Tensions are high in Elizabeth, New Jersey, where some families say the school board is ignoring their concerns about increased ICE activity in the community.
After years of construction, work is now under way to connect the new Portal Bridge in New Jersey to the Northeast Corridor. The hope is to make that commute a little easier.
Sweetbriar Nature Center has been working around the clock to save starving, freezing and injured animals amid the harsh winter weather.
For the first time in 30 years, the Food and Drug Administration has approved a new treatment for an inoperable type of pancreatic cancer.
A blizzard warning has been issued for New York City and the surrounding area as a major snowstorm develops along the coast.
Police are investigating whether snowplow practices were properly followed after a crash killed a 50-year-old man on the Long Island Expressway.
The Green Acres Mall on Long Island was flooded by teenagers on Thursday after social media posts called for a so-called "takeover."
In New York City, water main breaks are a dime a dozen, especially during this time of year. But on a block in the Glendale section of Queens, it has been a case of Groundhog Day.
Despite unanimous opposition from the mayor of Roxbury Township, New Jersey, and its town council, ICE will eventually open a detention center in town.
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
Mayor Zohran Mamdani touted the new law, which says employers must provide 32 more hours of unpaid protected time off per year.
"I guess I can say I am considering that," President Trump told reporters when asked about the possibility of a limited strike on Iran.
For the first time in 30 years, the Food and Drug Administration has approved a new treatment for an inoperable type of pancreatic cancer.
NYSNA has reached a tentative contract agreement with NewYork-Presbyterian, signaling a potential end to the longest nurses strike in New York City history.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Springsteen is taking his "Land Of Hope And Dreams American Tour" nationwide starting in the spring.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The Nets went the first 8 1/2 minutes of the second quarter without a field goal during Friday night's 105-86 loss to the Thunder.
Cade Cunningham had 42 points and 13 assists to lead the Detroit Pistons to a 126-111 win over the New York Knicks on Thursday night.
Donovan Mitchell scored 17 points, James Harden added 16 and the Cavaliers routed the Nets 112-84 on Thursday night.
The celebration of the U.S. women's hockey team's gold medal-winning victory over Canada on Thursday was especially loud in Westchester County, where starting goalie Aerin Frankel grew up.
Three figure skaters from Team USA competed in the women's individual free skate event at the Milan Cortina Winter Games.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
Residents and skate advocates clash over a proposed Mount Prospect Park skate facility, as city officials promise an updated design this spring.
A Brooklyn community is fighting to turn a forgotten landmark into a heritage center.
Edward R. Murrow High School's new boiler system cuts emissions while doubling as a hands-on sustainability lesson for students.
LUAR Creative Director Raul López says Lady Gaga's salsa-inspired dress in Bad Bunny's Super Bowl halftime show was a moment of pride for Caribbeans and Latinos.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Craig Allen has the Tri-State Area's updated Saturday morning First Alert Forecast on CBS News New York.
Police said two men were arguing before one fatally shot the other at a sports bar in Jamaica. CBS News New York's John Dias reports.
Craig Allen has the Tri-State Area's updated Saturday morning First Alert Forecast on CBS News New York.
Points south and east of the city could get well over a foot by the time the storm winds down on Monday. CBS News New York's Scott Padgett has your latest forecast.
She shared the update on social media, almost a month after opening up about needing a biopsy. CBS News New York's Kristine Johnson reports.
