Fed Chair on wars and global economy
Chair Powell told 60 Minutes correspondent Scott Pelley that conflicts in Ukraine and the Middle East threaten to destabilize the global economy if they become worse.
Jerome Powell
Fed Chair on China Evergrande's impact
The chairman of the Federal Reserve discussed China's slowing growth and the collapse of real estate giant China Evergrande.
Jerome Powell on SVB's collapse
In an interview with 60 Minutes, chairman Jerome Powell said the Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank.
Fed Chair Powell on cybersecurity
In an interview with 60 Minutes correspondent Scott Pelley, chairman Jerome Powell said up-to-date cyber defense will always be essential for banks and the Federal Reserve.
Jerome Powell: Full 2024 60 Minutes interview transcript
The full text of Scott Pelley's interview with the Federal Reserve chair.
Jerome Powell: The 2024 60 Minutes Interview
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and more. Scott Pelley reports.
Fed Chair Jerome Powell shares why Fed hasn't yet cut interest rates
Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country's banks and more. Scott Pelley reports.
When will the Fed cut interest rates?
The Federal Reserve announced Wednesday it would leave interest rates unchanged. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to discuss what the central bank is looking for to start cutting interest rates.
Fed to announce interest rate decision
The Federal Reserve is holding its first rate meeting of the year Wednesday, with interest rates expected to be left unchanged. Jeanna Smialek, Federal Reserve and economy reporter for The New York Times, joined CBS News with more insight on the Fed's decision-making process.
How the U.S. avoided a recession in 2023
Many experts predicted the U.S. would fall into a recession in 2023, mostly due to the Federal Reserve's interest rate hikes. The nation's economy is instead closing the year on a high note. CBS News senior business and tech correspondent Jo Ling Kent examines why.
Dow surges after Fed keeps rates unchanged
The Dow soared more than 500 points on Wednesday, closing over 37,000 for the first time. The surge came after the Federal Reserve said it is keeping interest rates unchanged for the third time in a row. Gregory Daco, chief economist at Ernst and Young, joins CBS News to unpack the Fed's decision.
Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
How Fed may respond to low October inflation
The Labor Department says the rate of inflation — which measures how much prices are rising — fell to 3.2% in October. Frances Stacey, director of strategy at Optimal Capital, joins CBS News to discuss what this means for your wallet and the country's financial outlook.
Why the Fed left interest rates unchanged
The Federal Reserve on Wednesday held its benchmark interest rate steady for a second consecutive time while upgrading its view of the U.S. economy and leaving open the possibility of additional rate hikes should inflation quicken in coming months. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joined CBS News to discuss the reasoning behind the decision.
Stock futures up after shutdown averted
Wall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve Chair Jerome Powell on Monday for more on the central bank's interest-rate path. CBS News contributor Javier David, managing editor for business and markets at Axios, has more.
Federal Reserve holds interest rates steady
The Federal Reserve opted not to raise interest rates Wednesday, despite the recent uptick in the inflation rate. CBS News business analyst Jill Schlesinger and CBS News senior White House and political correspondent Ed O'Keefe join Lilia Luciano and Lana Zak to discuss the central bank's decision.
Oil cuts abroad could impact interest rates
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
Fed Reserve: "Significant" inflation risk may merit more rate hikes
Officials want more data to be confident that inflation is abating, according to the minutes of their July 25-26 meeting.
What GDP growth means for the U.S. economy
The nation's GDP grew at an annual rate of 2.4% from April to June 2023 -- a faster rate than many economists predicted. Lori Bettinger, president of Bancalliance, joined CBS News to discuss what the new figure means for the state of the economy.
Fed hikes interest rates to highest level in more than 20 years
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Inflation cooled in June: What that means
Inflation cooled in June to 3%, the lowest in more than two years, according to the U.S. Labor Department's Consumer Price Index. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what this means for consumers and whether the Federal Reserve will continue to raise rates.
Fed chair believes more rate hikes coming
Unemployment numbers arrived Thursday morning with new claims decreasing over the past week. CBS News' Sarah Ewall-Wice has more on that and comments about inflation from Fed Chair Jerome Powell.
Fed chair expects more rate hikes
Federal Reserve Chairman Jerome Powell told lawmakers on Capitol Hill on Wednesday the country remains a "long way away" from reaching its goal in the fight against inflation. CBS News political and economics reporter Sarah Ewall-Wice has more.
Why the Fed paused interest rate hikes
For the first time since March 2022, the Federal Reserve will not be raising interest rates. J.D. Durkin, on-air host for digital financial news platform TheStreet, joins CBS News to discuss the Fed's path forward.
Federal Reserve pauses interest rate hikes
For 15 months the Federal Reserve has been trying to catch up to rising inflation by slowing economic activity. The central bank announced Wednesday it will not increase interest rates for now, but warned that the pause may not last long. CBS News senior White House correspondent Weijia Jiang reports.
Two women told House ethics panel Gaetz sent Venmo payments "for sex," their attorney says
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Russia warns of world war after Biden's decision on missiles for Ukraine
A Russian lawmaker calls President Biden's decision to let Ukraine fire U.S. missiles deep into Russia a "very big step toward the beginning" of a third world war.
"Everything as it was": Explore the bedrooms of kids killed in school shootings
The families of eight school shooting victims opened their doors to Steve Hartman and photographer Lou Bopp, allowing them to document their children's bedrooms.
Why some Ohio school districts are arming teachers and staff with firearms
Over the last year, the number of school districts in Ohio that allow staff to be armed quadrupled, with 14% of the state's districts now participating.
"One Tree Hill" actor Paul Teal dies at 35 after cancer battle
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
What does and doesn't kill E. coli? What to know amid multiple outbreaks
E. coli outbreaks in food are making headlines, prompting questions about how to stay safe from the bacteria that can cause sickness.
California gov. defers Menendez clemency decision to incoming DA
California Gov. Gavin Newsom decided to defer the Menendez brothers' clemency decision to incoming District Attorney Nathan Hochman.
Cyberattack leaves Mass. store shelves empty 10 days before Thanksgiving
Stop & Shop stores across Massachusetts had empty shelves on Monday due to a cyberattack.
Famed ballet dancer dies in fall from balcony in Russia
Ballet dancer Vladimir Shklyarov fell from a fifth-floor balcony after taking painkillers ahead of back surgery, Russian media reported.
U.S.
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Judge strikes down Wyoming abortion laws
A judge has struck down Wyoming's overall ban on abortion and its first-in-the nation explicit prohibition on the use of medication to end pregnancy.
Newsom to allow District Attorney-elect Nathan Hochman to lead Menendez
California Gov. Gavin Newsom decided to defer the Menendez brothers' clemency decision to incoming District Attorney Nathan Hochman.
Why some Ohio school districts are arming teachers and staff with firearms
Over the last year, the number of school districts in Ohio that allow staff to be armed quadrupled, with 14% of the state's districts now participating.
"One Tree Hill" actor Paul Teal dies at 35 after cancer battle
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
What does Spirit Airlines' bankruptcy mean for you?
Spirit's bankruptcy filing will likely mean higher airfares across airlines as it trims schedule, according to experts.
MoneyWatch
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TNT's "Inside the NBA" will air on ESPN, ABC, as part of NBA settlement
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
Cyberattack leaves Stop & Shop shelves empty 10 days before Thanksgiving
Stop & Shop stores across Massachusetts had empty shelves on Monday due to a cyberattack.
What does Spirit Airlines' bankruptcy mean for you?
Spirit's bankruptcy filing will likely mean higher airfares across airlines as it trims schedule, according to experts.
Dental company stocks jump amid RFK Jr.'s health claims about fluoride
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
Bed maker waited to report defect that killed 1 and injured others
Canada's Bestar recalled wall beds only after learning of dozens of cases in which its beds detached from the walls, feds say.
Politics
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Trump picks Sean Duffy, TV host and former lawmaker, for transportation
President-elect Donald Trump says former Wisconsin Rep. Sean Duffy is his choice for transportation secretary as he continues to roll out picks for his Cabinet.
Dental company stocks jump amid RFK Jr.'s health claims about fluoride
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
House Ethics Committee to meet Wednesday amid growing pressure to release Gaetz report
President-elect Donald Trump announced he selected former Florida Rep. Matt Gaetz to serve as attorney general.
Two women told House ethics panel Gaetz sent Venmo payments "for sex," attorney says
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
How RFK Jr. could impact vaccines as Trump's HHS secretary
Kennedy insists he is not "anti-vaccine," but he has a long record of false and misleading statements about their safety and benefits. What could he do as Trump's HHS secretary?
HealthWatch
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Dental company stocks jump amid RFK Jr.'s health claims about fluoride
Robert F. Kennedy's Jr. push to remove fluoride from the nation's public water supply could benefit some companies. Here's why.
How RFK Jr. could impact vaccines as Trump's HHS secretary
Kennedy insists he is not "anti-vaccine," but he has a long record of false and misleading statements about their safety and benefits. What could he do as Trump's HHS secretary?
Bed maker waited to report defect that killed 1 and injured others
Canada's Bestar recalled wall beds only after learning of dozens of cases in which its beds detached from the walls, feds say.
What does and doesn't kill E. coli? What to know amid multiple outbreaks
E. coli outbreaks in food are making headlines, prompting questions about how to stay safe from the bacteria that can cause sickness.
Combating Parkinson's with rock climbing
There is currently no cure for Parkinson's Disease. But some with Parkinson's are finding that an unusual therapy – rock climbing – is helping them improve their balance, mobility, strength and cognition.
World
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Famed ballet dancer dies in fall from balcony in Russia
Ballet dancer Vladimir Shklyarov fell from a fifth-floor balcony after taking painkillers ahead of back surgery, Russian media reported.
India's "severe plus" air pollution forces more dramatic safety measures
Air pollution chokes New Delhi every winter, but this year's smog has already derailed everything from transport and road work to schools.
Family of U.S. activist killed in West Bank still demanding answers
The sister of Aysenur Ezgi Eygi, an American activist killed in the Israeli-occupied West Bank, says her idealistic vision of the U.S. has been shattered.
Russia warns of world war after Biden's decision on missiles for Ukraine
A Russian lawmaker calls President Biden's decision to let Ukraine fire U.S. missiles deep into Russia a "very big step toward the beginning" of a third world war.
Hologram used in bid to solve sex worker's cold case murder
Bernadett "Betty" Szabo, 19, was stabbed multiple times just months after giving birth to a baby boy.
Entertainment
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"One Tree Hill" actor Paul Teal dies at 35 after cancer battle
Paul Teal's fiancée and fellow "One Tree Hill" actors shared tribute posts memorializing him.
TNT's "Inside the NBA" will air on ESPN, ABC, as part of NBA settlement
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
The stars of "Gladiator II" discuss the film's legacy
The stars of Ridley Scott's "Gladiator II" discuss the film's legacy and stepping back into the world of ancient Rome.
Netflix says 60 million households watched Tyson-Paul match
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
"Gladiator II" cast on new film
Ridley Scott's latest masterpiece revisits the world of ancient Rome with new characters and intense drama. The cast of "Gladiator II" talks to Nate Burleson on working with Scott and carrying forward the spirit of the iconic original.
Technology
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Technology
How this new car runs without gas or electricity
As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.
"Human … Please die": Chatbot responds with threatening message
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
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.
Meta facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The Guardian to stop posting on X, calling it "a toxic media platform"
The Guardian says benefits of being on Elon Musk's social media platform X are outweighed by its "often disturbing content."
Science
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Science
Long-term effects of Trump plans for oil, gas
President-elect Donald Trump has pledged to "drill, baby, drill" on Day 1 in office. CBS News national environmental correspondent David Schechter joins to take a closer look at the environmental impact of some of Trump's potential energy and climate policies.
How climate change impacts the economy
2024 is on pace to be the hottest year on record worldwide. CBS News Los Angeles meteorologist and climatologist Marina Jurica reports that extreme weather events cost the global economy over $2 trillion in the last 10 years.
Scientists say biggest coral in the world discovered in the Pacific
Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.
Surfboards with lights could deter shark attacks: "Invisibility cloak"
Seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks, researchers found.
Trump officials likely to reverse drilling waste "methane fee" EPA is imposing
Oil and natural gas companies will have to pay a federal fee if they emit methane above certain levels under a rule being finalized by the Biden administration that incoming Trump officials are likely to reverse.
Crime
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Newsom to allow District Attorney-elect Nathan Hochman to lead Menendez
California Gov. Gavin Newsom decided to defer the Menendez brothers' clemency decision to incoming District Attorney Nathan Hochman.
New evidence in Laken Riley murder trial
CBS News has learned the case against the man accused of killing a University of Georgia nursing student could be in the hands of the judge as early as Tuesday. Jose Ibarra, an undocumented immigrant from Venezuela, has pleaded not guilty to killing 22-year-old Laken Riley while she was jogging on campus in February. CBS News national correspondent Manuel Bojorquez has the latest from Athens, Georgia.
Shootings near New Orleans parade route
Officials say 13 people were shot during two incidents along a New Orleans "second line" parade route. CBS News' Kati Weis breaks down what's known.
More on Laken Riley murder trial defense
Jose Ibarra's trial for the murder of Laken Riley, a student at Georgia's Augusta University College of Nursing, continues as Ibarra's family members are expected to testify on his behalf. CBS News contributor Caroline Polisi breaks down the latest in the case.
New Orleans parade shootings: What we know
Two people were killed in two separate shootings along a New Orleans parade route Sunday night. No arrests have been made so far. CBS News national reporter Kati Weis has more.
Space
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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.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
Cargo ship brings science gear, holiday treats to space station crew
With an Election Day docking, the cargo ship delivered 3 tons of supplies and equipment, including an unusual wooden satellite.
The Taurid meteor showers will peak a week apart in November
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
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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Long-term effects of Trump plans for oil, gas
President-elect Donald Trump has pledged to "drill, baby, drill" on Day 1 in office. CBS News national environmental correspondent David Schechter joins to take a closer look at the environmental impact of some of Trump's potential energy and climate policies.
Israel, Hezbollah inch toward cease-fire deal
There are signs of progress on at least one front of the conflict in the Middle East. CBS News senior foreign correspondent Elizabeth Palmer has the latest on reports of a cease-fire deal between Israel and Iran-backed Hezbollah in Lebanon.
Assessing potential impact of Trump's tariffs
Americans are bracing for President-elect Donald Trump's proposed tariff hikes on imported goods. CBS News MoneyWatch correspondent Kelly O'Grady looks at the potential economic impact. Then, small business owner Andy Gossett joins to discuss what the tariffs would mean for his outdoor sporting goods company.
Ethics panel to meet amid Gaetz report push
At least two of President-elect Donald Trump's Cabinet picks are involved in controversy. Now there are questions about whether Matt Gaetz and Pete Hegseth have the support to get confirmed for their intended roles. CBS News congressional correspondent Nikole Killion has new reporting.
What Spirit Airlines bankruptcy means for you
Spirit Airlines is filing for bankruptcy ahead of the busy holiday travel season. The budget airline has faced multiple setbacks recently, including rising labor costs and a failed merger with JetBlue. CBS News senior transportation correspondent Kris Van Cleave has more on what this means for travelers.