Fed Chair Jerome Powell calls for more economic stimulus
Another round of relief is needed to help contain the coronavirus and boost people's savings.
Federal Reserve
Transcript: Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Atlanta Fed's Raphael Bostic that aired Sunday, October 11, 2020, on "Face the Nation."
Atlanta Fed chief says virus has "put a wedge in our economy"
Raphael Bostic, the president and CEO of Federal Reserve Bank of Atlanta, says "we have to change the trajectory for the generations to come."
Federal Reserve sees interest rates near zero through 2023
Interest rates are expected to stay low for years as the U.S. economy struggles to recover from coronavirus hit.
Federal Reserve says inflation should rise dramatically
Fed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates.
Transcript: Charles Evans on "Face the Nation"
The following is a transcript of an interview with Charles Evans, the president and CEO of the Federal Reserve Bank of Chicago, that aired Sunday, August 9, 2020, on "Face the Nation."
Transcript: Neel Kashkari on "Face the Nation"
The following is a transcript of an interview with Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, that aired Sunday, August 2, 2020, on "Face the Nation."
Face The Nation: Kashkari, Gottlieb, Gupta, Salvanto
Missed the second half of the show? The latest on the coronavirus pandemic, the state of the economy and the 2020 presidential election
Former Fed economist calls profession "a disgrace"
Economist Claudia Sahm cites systemic sexism and racism as problems that compromise the quality of our economic policy.
Fed predicts further economic hardship as virus rages on
The coronavirus "will weigh heavily on economic activity, employment and inflation," central bank says.
The cost of taking a gap year amid a pandemic
Students have often been encouraged to take gap years between high school and college, but many graduates are reconsidering their options this year. Economists at the Federal Reserve Bank of New York say students who delay college due to the pandemic could lose more than $90,000 in lifetime earnings. Arun Ponnusamy, chief academic officer at Collegewise, joins CBSN to discuss what students should take into account when making this decision.
Shortage of coins in circulation causing concerns
There is a shortage of coins in circulation as many businesses are no longer accepting cash as payment. But some experts warn that the emerging trend can be harmful for smaller businesses and low-income consumers who rely on coin transactions. Michael George reports.
Fed's Kashkari warns bank losses during COVID could trigger financial crisis
"I am concerned the longer this goes on, the more losses banks will face," he told "Face the Nation" moderator Margaret Brennan.
6/16/20: Red and Blue
Senate holds hearing on police reforms; Virginia Rep. Riggleman loses Republican primary.
Fed's Powell says coronavirus downturn could do severe economic harm
Federal Reserve chair says the risk to small businesses from the pandemic is acute.
Fed predicts long road to economic recovery
The Federal Reserve says it does not expect unemployment to reach pre-coronavirus lows until 2022 at the earliest. The Central Bank is predicting a 9.3% unemployment rate at year's end and a 6.5% unemployment rate at the end of 2021. The Washington Post's economic correspondent Heather Long joined CBSN to discuss the Fed's expectations.
Stocks fall on COVID-19's spread, Fed's cautious comments
Investors are worried that an increase in infections in some U.S. states could threaten the nation's economic recovery.
Fed says 15 million Americans will remain jobless by year-end
Central bank expects unemployment to remain above by 9% by year-end and for joblessness to remain elevated into 2022.
Fed chief: Virus hurting "those least able to bear its burdens"
Inequality is deepening the economic impact of COVID-19 on American workers, U.S. central bank chairman said.
Boston Fed predicts "double- digit unemployment" through end of 2020
Eric Rosengren says a vaccine is needed to have unemployment levels to return to pre-covid rates.
ICYMI: A look back at Sunday's 60 Minutes
This week on 60 Minutes: Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy; Norah O'Donnell interviews whistleblower Rick Bright; And, what will be the long-term effects of the coronavirus pandemic?
Fed Chair Jerome Powell on the coronavirus-ravaged economy
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
Fed Chair Powell: The U.S. won't have negative interest rates
As President Trump calls for negative rates, Federal Reserve Chairman Jerome Powell tells 60 Minutes the central bank won't lower interest rates below zero.
Full Transcript: Fed Chair Jerome Powell's 2020 60 Minutes interview
Jerome Powell lays out his thoughts on getting the economy back to its pre-coronavirus numbers. The transcript from the Federal Reserve chairman's interview with Scott Pelley.
Jerome Powell: The 2020 60 Minutes interview
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he's trying to avoid on the road to economic recovery.
Trump threatens to impose sweeping new tariffs on Mexico, Canada and China
He said he'd do it to help crack down on illegal immigration and drugs. Economists say such tariffs could dramatically raise prices on everything from gas to autos.
Judge dismisses charges against Trump in D.C. election case after Smith request
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
White Florida woman sentenced to 25 years for fatally shooting Black neighbor
Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.
Trump transition aide Boris Epshteyn sparking internal strife over appointments
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Illegal border crossings on track to reach new Biden-era low
President-elect Donald Trump, who ran on mass deportation and harsher immigration policies, could inherit a border that is relatively quiet.
White House Christmas tree came from Helene-devastated tree farm
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
West Virginia ends promising subsidy program for weight loss drugs
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
U.S.
More U.S.
Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
Trump threatens to impose new tariffs on Mexico, Canada and China on first day in office
President-elect Donald Trump threatened to impose new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
West Virginia ends promising subsidy program for GLP-1 weight loss drugs
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
Biden will attend Trump's inauguration in January, White House says
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
MoneyWatch
More MoneyWatch
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Is AI better at planning and booking a vacation than you are?
Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.
Amazon workers in more than 20 countries plan Black Friday strikes
Workers at Amazon warehouses around the world plan to strike between Black Friday and Cyber Monday this week.
Macy's says an employee hid up to $154 million in delivery expenses
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
Politics
More Politics
Biden will attend Trump's inauguration in January, White House says
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
White House Christmas tree came from Helene-devastated tree farm
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Trump transition aide Boris Epshteyn sparking internal strife over appointments
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Special counsel seeks to end bid to revive documents case against Trump
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
Judge dismisses charges against Trump in D.C. election case after Smith request
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
HealthWatch
More HealthWatch
West Virginia ends promising subsidy program for GLP-1 weight loss drugs
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
As many as 1 in 5 people won't lose weight with GLP-1 drugs, experts say
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
A study to devise nutritional guidance just for you
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
A study to personalize nutrition guidance just for you
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
New treatments offer hope for older patients with a deadly cancer diagnosis
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
World
More World
Lawmakers brawl over deadly train station roof collapse in Serbia
Scuffles and fistfights broke out weeks after a deadly rail station roof collapse that ignited tensions in the Balkan state.
Mystery of serial shoe robber solved when camera catches culprit
Police thought a shoe thief was on the loose at a kindergarten, until a security camera caught the furry culprit in action.
Chinese trans woman awarded thousands over forced electroshock therapy
Trans performance artist Ling'er says she was forced to undergo electroshock treatments at a hospital in China that left her with a heart condition.
Best-selling novelist Barbara Taylor Bradford dies at 91
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
16 missing after Egyptian tour boat sinks on Red Sea diving trip
Authorities in Egypt say a luxury yacht that set off with 45 people from the Red Sea port of Ghalib for a week-long diving trip sank, with 28 rescued and 16 still missing.
Entertainment
More Entertainment
Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
"Glicked" sweeps box office
"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.
"Wicked," "Gladiator II" soar at box office
While "Gladiator II" earned $55 million at the box office domestically, "Wicked" soared with $114 million. It was the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic, with the two movies earning the nickname "Glicked."
Best-selling novelist Barbara Taylor Bradford dies at 91
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
"Oregon Trail" computer game is now being developed as a movie
One of the most successful computer games of all time is currently being developed by Apple as a forthcoming movie.
Technology
More Technology
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
How AI can help to plan your next vacation
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
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.
Microsoft 365 is experiencing an outage. Here's what to know.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
A new generation of shopping cart, with GPS and AI
At a Price Chopper outside Kansas City, shoppers are test driving the new Caper Cart, featuring digital screens, GPS, cameras equipped with artificial intelligence, and packaging scanners that spit out coupons. Correspondent Jonathan Vigliotti looks at the technology used to "reinvent the wheel" of the shopping cart.
Science
More Science
Science
Dishing up space food
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
How are U.S. winters permanently changing?
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
Emperor penguin found on Australian beach released at sea after 20 days of care
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
Iceland volcano flares in region's 7th eruption in one year
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
How collecting pine cones helps renew Oregon forests after wildfires
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Crime
More Crime
Crime
Menendez brothers resentencing delayed
A California judge on Monday delayed his decision on whether to resentence the Menendez brothers until January. In October, the outgoing Los Angeles district attorney requested a judge reconsider Lyle and Erik's sentences for the 1989 murders of their parents after new evidence was introduced. CBS News correspondent Elise Preston reports.
NFL, NBA warn players about burglaries
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
Paths for Menendez brothers' freedom
There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.
White Florida woman sentenced to 25 years for fatally shooting Black neighbor
Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.
Arrest made after woman, baby shot dead in car in Connecticut
A suspect in the fatal shooting of a woman and her 4-month-old son inside a car in Hartford, Connecticut, was arrested in Puerto Rico, officials said.
Space
More Space
Blue Origin launches 6 tourists to the edge of space
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
Blue Origin launches 9th space tourism flight
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
Trump, Musk attend SpaceX launch
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
SpaceX launches Super Heavy-Starship, with Trump there to watch
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
Latest Galleries
More Latest Galleries
Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
What does financial success look like?
According to a new survey from financial service company Empower, Gen Z Americans believe it takes a salary of $588,000 to be considered financially successful. That's more than double the figure from other generations. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the findings.
Arguments heard over pending Infowars sale
A federal judge in Texas plans to hold another hearing to decide whether satirical news outlet "The Onion" can move forward with the purchase of conspiracy theorist Alex Jones' company, Infowars. CBS News correspondent Janet Shamlian has the latest from Houston.
Thanksgiving week 2024 weather forecast
Multiple weather systems are forecast to drop rain and snow across the U.S. during the week of Thanksgiving. CBS News national weather correspondent Rob Marciano has more on what conditions to expect.
Security high ahead of Thanksgiving events
Federal and local authorities are reportedly warning the Macy's Thanksgiving Day Parade in New York City could be a target for would-be terrorists. Law enforcement officials will also need to be on high alert for what could be the busiest and most crowded holiday travel season yet. CBS News national security contributor Sam Vinograd joins with analysis.
Illegal crossings on track for Biden-era low
For the first time under the Biden administration, illegal crossings at the southern border are on track to dip below 50,000 for November. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.