Would Powell leave Fed post if Trump fired him? "No," he tells Congress
"What if the president calls you and said, 'I'm firing you. Pack up. It's time to go'?" Jerome Powell had an answer
Federal Reserve
Trump Fed pick wants to revive gold standard. Here's what that means
Judy Shelton is a fan of a policy abandoned in 1971 and considered a fringe view by mainstream economists
What the Fed's changing rate stance means for your CDs
The pace of CD interest rate increases has slowed sharply since March and has even declined for 5-year CDs
Trump says he "made" Fed Chair Powell and would trade him for Europe's Draghi
The president says "nobody ever heard of" Powell before Trump named him to run the Fed
Fed wary of economic clouds, but leaves rates unchanged
Central bank officials say the economic outlook is increasingly uncertain -- and signal their readiness to cut rates
Wall Street ends higher after the Fed's hold-steady decision
Investors took the central bank's decision and revised outlook in stride, without reacting extremely one way or the other
The Fed may reach a new view of where rates are headed
An interest rate cut today isn't likely, but a pivot from keeping them steady may emerge, with a reduction coming soon
3 things to watch for from the Federal Reserve on Wednesday
Investors increasingly expect the central bank to cut interest rates for the first time since 2008
Trump: Fed policies are "very destructive" to U.S. economy
Again bashing the Fed, the president groused that the central bank's top policymakers are "not my people"
Stocks soar as Fed hints of rate cuts to stem trade war damage
Central bank would lower rates if trade feud with China and Mexico put drag on U.S. growth, Fed Chair Powell suggests
Jerome Powell: The 60 Minutes Interview
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy.
Jerome Powell: The 60 Minutes Interview
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy
The Federal Reserve, 10 years after the Great Recession
After interviewing Fed Chair Jerome Powell, Scott Pelley reflects on his 60 Minutes interview with former Fed Chair Ben Bernanke in 2009
Fed Chair Powell on economic inequality
The chair of the Federal Reserve discusses the impact of low mobility and the "legacy of slavery" — and how the Fed can address it
Nearly 40% of Americans can't cover a surprise $400 expense
Although the U.S. economic tide continues to rise, Fed data show that millions of Americans are barely treading water
Federal Reserve shows no sign of cutting interest rates
Despite the president's demands that rates should be lower, the central bank continues to stress "patience"
Stephen Moore withdrawing as Fed nominee
Stephen Moore, President Trump's pick for the Federal Reserve Board who had become highly controversial over his comments about women and his views on monetary policy, is withdrawing his name from consideration, the president tweeted Thursday afternoon. Reena Ninan has more.
Stephen Moore withdraws from Fed consideration, Trump tweets
It was unclear if the controversial economist had enough support in the Senate
Federal Reserve keeps interest rates steady amid low inflation
Trump has been urging the Fed to lower rates in order to boost the economy
Fed set to hold rates steady, despite Trump's demand for a cut
The president wants it to add some juice to the U.S. economy, but with growth in a "sweet spot," that's not likely
Herman Cain out of the running for Fed Board, Trump says
"My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board," the president tweeted
Trump speaks on Biden, Fed, border threat
President Trump spoke to reporters as he left the White House for a trip to California to visit the U.S.-Mexico border. Watch his remarks.
Trump recommends Herman Cain for Federal Reserve
Cain, a former CEO of Godfather's Pizza, sought the GOP presidential nomination in 2012
Federal Reserve pick Stephen Moore cited for unpaid alimony
President Trump's choice for a Fed board position was found in contempt in 2012 for failing to pay $300,000
Trump to nominate conservative economist to Federal Reserve
Stephen Moore served as an economic adviser on President Trump's 2016 campaign and helped to craft his tax cut plan
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.
Chinese military aircraft shadow U.S. Navy spy plane over Taiwan Strait
China sent military planes to track a U.S. anti-submarine Navy aircraft as it transited the Taiwan Strait, Beijing says, as tension mounts between the superpowers.
Trump "border czar" Tom Homan to visit border with Texas governor
Tom Homan and Texas Gov. Greg Abbott will be serving meals to troops stationed as part of Operation Lone Star.
FBI agent acquitted in 2020 train shooting is arrested for sexual assault
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
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.
Walmart the latest big corporation to scale back DEI policies
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Hostel staff detained after 6 deaths linked to alcohol poisoning
Alcohol tainted with methanol is suspected to be the cause of the six deaths.
World's oldest man dies in England
John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.
Why an Australian dictionary picked "ens***tification" as the word of 2024
Australia's Macquarie Dictionary picks "ens***tification" as its word of 2024, tapping into a sense that digital services are getting worse as companies prioritize profits.
U.S.
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Trump "border czar" Tom Homan to visit border with Texas governor
Tom Homan and Texas Gov. Greg Abbott will be serving meals to troops stationed as part of Operation Lone Star.
FBI agent acquitted in 2020 train shooting is arrested for sexual assault
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
Osprey ferrying White House staff in N.Y. grounded due to safety issue
An Osprey being used to ferry White House staff and government officials from an event in New York was grounded Monday.
Sonar image was not Amelia Earhart plane, exploration team says
A sonar image suspected of showing the remains of the plane of Amelia Earhart has turned out to be a rock formation.
Animal rescue pilot and dog killed in plane crash; 2 dogs survive
Seuk Kim was flying three dogs from Maryland to Albany, New York, when the plane crashed in the snowy woods of the Catskill Mountains, officials said.
MoneyWatch
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Biden wants drugs like Wegovy, Ozempic covered by Medicare, Medicaid
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart the latest big corporation to scale back DEI policies
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Planning to retire at 65? Most Americans have to stop working earlier.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
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.
Starbucks impacted by ransomware attack on software vendor
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Politics
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Trump "border czar" Tom Homan to visit border with Texas governor
Tom Homan and Texas Gov. Greg Abbott will be serving meals to troops stationed as part of Operation Lone Star.
No-fault divorce advocates start to fret as talk of banning it bubbles up
Warnings have been popping up on social media urging women who might be considering divorce to "pull the trigger" while they still have the option of no-fault divorce.
Biden wants drugs like Wegovy, Ozempic covered by Medicare, Medicaid
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart the latest big corporation to scale back DEI policies
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
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.
HealthWatch
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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
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Why an Australian dictionary picked "ens***tification" as the word of 2024
Australia's Macquarie Dictionary picks "ens***tification" as its word of 2024, tapping into a sense that digital services are getting worse as companies prioritize profits.
Hostel staff detained after 6 deaths linked to alcohol poisoning
Alcohol tainted with methanol is suspected to be the cause of the six deaths.
Chinese military aircraft shadow U.S. Navy spy plane over Taiwan Strait
China sent military planes to track a U.S. anti-submarine Navy aircraft as it transited the Taiwan Strait, Beijing says, as tension mounts between the superpowers.
Baboons are clashing with humans in South Africa's tourist hotspots
South Africa's Cape Peninsula is a big tourist draw, but it's also home to hundreds of brazen baboons, and there's fear people-monkey encounters are set to rise.
World's oldest man dies in England
John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.
Entertainment
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Entertainment
Danielle Pinnock talks "Ghosts"
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the hit CBS comedy, "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
Colman Domingo on starring in "The Madness"
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
Brittney Griner shares pictures of baby Bash
Brittney Griner and her wife Cherelle welcomed their son, Bash, in July. Now, they're sharing adorable family photos and looking ahead to their first Christmas together.
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.
Technology
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Technology
AI grandma tool helps fend off phone scams
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
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 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.
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.
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.
Science
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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
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Crime
Menendez brothers resentencing delayed
A hearing for Erik and Lyle Menendez, brothers convicted of killing their parents more than three decades ago, was postponed Monday after technical issues with the brothers' virtual appearance. The family of the brothers are asking a judge to reduce their sentences of life without parole.
FBI agent acquitted in 2020 train shooting is arrested for sexual assault
An FBI agent who in 2022 was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
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.
Space
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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
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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
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Latest CBS News Videos
Israel, Hezbollah move toward ceasefire deal
Israel and Hezbollah trade strikes as diplomats push for peace with a potential new ceasefire deal. The proposed deal would include a 60-day cease-fire, during which Israeli troops would withdraw from Lebanon. In return, Hezbollah would retreat north of the Litani River. CBS News' Debora Patta has the latest.
Danielle Pinnock talks "Ghosts"
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the hit CBS comedy, "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
Colman Domingo on starring in "The Madness"
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
Potential impact of Trump's tariff plan
CBS News business analyst Jill Schlesinger speaks with "CBS Mornings" about President-elect Donald Trump's proposed tariffs and what they could mean for consumers.
Winter storm threatens holiday travel
A storm is bringing winter weather conditions to parts of the country, including Salt Lake City and Denver, potentially impacting flights during a busy Thanksgiving travel week. Since Friday, airlines have dealt with winter weather and air traffic control staffing issues that have caused thousands of delays, but few cancellations. The FAA says Tuesday will see the highest number of scheduled flights.