Fed Chair on consumer sentiment
As expected, the Federal Reserve has held interest rates steady, while indicating that cuts are likely later this year. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Jerome Powell
Fed leaves rates unchanged, outlook uncertain
The Federal Reserve chose not to lower interest rates Wednesday, as Chair Jerome Powell admitted the economic outlook was uncertain. He indicated that even though inflation was expected to inch up in response to President Trump's tariffs, the Fed is still forecasting two rate cuts this year. Kelly O'Grady explains.
Powell paints picture of economic uncertainty
The Federal Reserve left interest rates unchanged Wednesday as uncertainty about the U.S. economy grows. CBS News MoneyWatch correspondent Kelly O'Grady unpacks Fed Chair Jerome Powell's comments on the decision. Then, Donna Ginther, distinguished professor of economics at the University of Kansas, joins with analysis.
Powell: Tariffs may delay inflation progress
The Federal Reserve left its benchmark interest rate unchanged on Wednesday, with Chair Jerome Powell saying "further progress may be delayed" on bringing down inflation because of President Trump's tariffs. CBS News business analyst Jill Schlesinger has more.
Federal Reserve holds interest rates steady, but trims growth outlook
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
Stocks drift higher as investors await Fed decision on interest rates
Federal Reserve Chairman Jerome Powell's face tough challenge — offering anchor to investors in a sea of uncertainty.
Fed expected to keep interest rates the same
The Federal Reserve will meet Wednesday to make its second interest rate decision of the year with economists predicting rates will be held steady. CBS News business analyst Jill Schlesinger has more.
Fed Chair Powell says interest rates on hold amid economic uncertainty
Powell says the Fed is in no hurry to change course, citing "uncertainty" over the impact of the Trump administration economic policies
How Powell testified on Capitol Hill
Federal Reserve Chair Jerome Powell took questions from lawmakers on Capitol Hill and was grilled about Elon Musk's Department of Government Efficiency (DOGE) accessing the personal information of Americans. CBS News contributor Javier David has more.
Fed Chair Powell testifying before Congress
Federal Reserve chair Jerome Powell is testifying in front of lawmakers Tuesday where he's expected to face questions ranging from rate policies to the department's independence from President Trump. CBS News contributor J.D. Durkin has more.
U.S. economy grows 2.3% in last quarter, latest GDP data shows
Economy showed solid fourth-quarter growth, though roughly a percentage point below economist expectations.
Trump criticizes the Fed
After three consecutive interest rate cuts, the Federal Reserve has decided to hit the pause button, citing a solid job market and stubborn inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more on the decision and President Trump's reaction.
Fed expected to leave rates unchanged
The Federal Reserve on Wednesday will make its first interest rate decision of the second Trump administration with economists predicting rates will remain unchanged. CBS News business analyst Jill Schlesinger has more.
Trump to inherit 5-month high inflation rate
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Dow plunges after Powell's comments on rate cuts
The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains.
The Fed's rate cuts impact on Americans
The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full percentage point since September. CBS News contributor Javier David breaks down its impact.
Fed makes final 2024 interest rate decision
The Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
Jerome Powell on U.S. economy after cut
The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.
Federal Reserve cuts interest rate again
The Federal Reserve announced another interest rate cut, reducing its benchmark rate by .25 percentage points. CBS News business analyst Jill Schlesinger has more on the move.
Fed lowers rates by 0.25 percentage point, but expects fewer 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.
Federal Reserve decision coming
The Federal Reserve is set to announce a potential reduction to the interest rate, its final potential move in 2024. CBS News' Kelly O'Grady has more on what's expected.
Powell vows to stay on as Fed Chair
Federal Reserve Chairman Jerome Powell said he would not step down if pressured by President-elect Trump. The Fed also cut interest rates by one quarter of a percentage point. MoneyWatch correspondent Kelly O'Grady has the details.
What the Fed interest rate cut means for you
Federal Reserve Chair Jerome Powell announced an interest rate cut Thursday for the second time in the last three months as inflation continues to decline. CBS News contributor Javier E. David has more on what that might mean for you.
Senate GOP members fight for leadership role
CBS News estimates that control of the House of Representatives is lean Republican. Meanwhile, the GOP flipped the Senate with longtime leader Mitch McConnell stepping down from the role. CBS News congressional correspondent Nikole Killion has more.
What does Fed rate cut say about the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly O'Grady looks at what impact the decision could have on the economy.
Danish foreign minister scolds Trump administration after Greenland trip
Danish Foreign Minister Lars Løkke Rasmussen posted a video on social media scolding the Trump administration hours after Vice President JD Vance's visit to Greenland.
More than 1,600 killed in Myanmar earthquake as search efforts continue
Myanmar, also known as Burma, is in the throes of a prolonged and bloody civil war, which is already responsible for a massive humanitarian crisis.
Exclusive
U.S. Institute of Peace staff receive termination notices, sources say
The nonprofit institute's mission is to promote conflict resolution and the prevention of conflicts across the globe.
Israeli officials furious that Signal group chat exposed intelligence, sources say
Sources tell CBS News the Signal chat involving senior Trump administration officials included sensitive intelligence Israel provided to the U.S.
UAW's Shawn Fain slams Trump executive order targeting federal unions
UAW president Shawn Fain said Trump's order to end collective bargaining for swath of federal workers would cost 700,000 people their union contracts.
FDA's top vaccine official forced out, decries RFK Jr.'s "misinformation and lies"
A Department of Health and Human Services official delivered an ultimatum to Dr. Peter Marks: either resign or be fired.
University of Minnesota graduate student detained by ICE, school says
According to a letter sent by the university to students, faculty and staff, the student was detained at an off-campus residence on Thursday.
Timeshare company alleges Michigan couple committed credit card fraud
An attorney representing a Michigan couple who are detained in Mexico disputes claims that the couple breached a contract agreement with Palace Resorts and committed fraud.
RFK Jr. to gut vaccine promotion and HIV prevention office, sources say
Much of the federal government's efforts to buoy lagging childhood vaccination rates have been run through the Office of Infectious Disease and HIV/AIDS Policy.
U.S.
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Satanist group attempts to hold Black Mass at Kansas Statehouse, 4 arrested
About 30 members of the Kansas City group Satanic Grotto rallied outside the Statehouse for the separation of church and state on Friday.
Millions of bees have died this year: "Worst bee loss in recorded history"
Bees play a key role in the U.S. food supply, and the mass deaths could jeopardize that.
Exclusive
U.S. Institute of Peace staff receive termination notices, sources say
The nonprofit institute's mission is to promote conflict resolution and the prevention of conflicts globally.
Close call between Delta flight, Air Force jet near Reagan National
The incident occurred just after the Delta Air Lines flight had taken off from Reagan National Airport.
Trump's changes to the Social Security Administration has many seniors alarmed
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
MoneyWatch
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Trump's changes to the Social Security Administration has many seniors alarmed
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
Elon Musk's xAI to acquire his X social media platform
The companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.
UAW's Shawn Fain slams Trump executive order targeting federal unions
UAW president Shawn Fain said Trump's order to end collective bargaining for swath of federal workers would cost 700,000 people their union contracts.
Federal judge blocks mass firings of CFPB workers
A federal judge has blocked the mass firings of employees at the Consumer Financial Protection Bureau.
Flight bookings between Canada and the U.S. plunge amid trade war
Airlines are seeing lower demand from Canadians looking to travel to the U.S. amid a brewing U.S.-Canada trade war.
Politics
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Satanist group attempts to hold Black Mass at Kansas Statehouse, 4 arrested
About 30 members of the Kansas City group Satanic Grotto rallied outside the Statehouse for the separation of church and state on Friday.
Danish foreign minister scolds Trump administration after Greenland trip
Danish Foreign Minister Lars Løkke Rasmussen posted a video on social media scolding the Trump administration hours after Vice President JD Vance's visit to Greenland.
Exclusive
U.S. Institute of Peace staff receive termination notices, sources say
The nonprofit institute's mission is to promote conflict resolution and the prevention of conflicts globally.
FDA's top vaccine official forced out, decries RFK Jr.'s "misinformation and lies"
A Department of Health and Human Services official delivered an ultimatum to Dr. Peter Marks: either resign or be fired.
Trump's changes to the Social Security Administration has many seniors alarmed
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
HealthWatch
More HealthWatch
FDA's top vaccine official forced out, decries RFK Jr.'s "misinformation and lies"
A Department of Health and Human Services official delivered an ultimatum to Dr. Peter Marks: either resign or be fired.
RFK Jr. to gut vaccine promotion and HIV prevention office, sources say
Much of the federal government's efforts to buoy lagging childhood vaccination rates have been run through the Office of Infectious Disease and HIV/AIDS Policy.
Utah becomes first state to ban adding fluoride to public water systems
Utah Gov. Spencer J. Cox signed a bill banning fluoride from public water supplies. The ban will take effect in May.
Kansas reports measles outbreak with 23 cases
23 measles cases have been confirmed in Kansas, marking an outbreak for the state, according to local health officials. Ohio has reported 10 cases.
Trump administration to shrink federal health agencies by 20,000 employees
Health and Human Services Secretary Robert F. Kennedy will cut 3,500 jobs from the Food and Drug Administration and 2,400 from Centers for Disease Control and Prevention.
World
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Australian town looking for doctor offers $400,000 salary, free rent
The remote Australia town of Julia Creek has a population of just 500 and is a seven-hour drive from the nearest major city.
U.S. warns of possible attacks in Syria during the Eid holiday
The U.S. has warned of an increased possibility of attacks in Syria during the Eid el-Fitr holiday that marks the end of the Muslim holy month of Ramadan.
Danish foreign minister scolds Trump administration after Greenland trip
Danish Foreign Minister Lars Løkke Rasmussen posted a video on social media scolding the Trump administration hours after Vice President JD Vance's visit to Greenland.
See photos of the March partial solar eclipse
During the partial solar eclipse, the moon passed in front of the sun and cast a shadow on parts of the Northern Hemisphere.
More than 1,600 killed in Myanmar earthquake as search efforts continue
Myanmar, also known as Burma, is in the throes of a prolonged and bloody civil war, which is already responsible for a massive humanitarian crisis.
Entertainment
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Entertainment
Lucy Dacus performs "For Keeps"
Singer-songwriter Lucy Dacus is back with her first solo project in four years. "Forever Is A Feeling" follows Dacus' whirlwind, Grammy-winning success with the supergroup Boygenius. She wrote the songs on tour and was inspired by her romance with bandmate Julien Baker. Now, from "Forever Is A Feeling," here is Lucy Dacus with "For Keeps."
Lucy Dacus performs "Big Deal"
Singer-songwriter Lucy Dacus is back with her first solo project in four years. "Forever Is A Feeling" follows Dacus' whirlwind, Grammy-winning success with the supergroup Boygenius. She wrote the songs on tour and was inspired by her romance with bandmate Julien Baker. Now, from "Forever Is A Feeling," here is Lucy Dacus with "Big Deal."
Lucy Dacus performs "Ankles"
Singer-songwriter Lucy Dacus is back with her first solo project in four years. "Forever Is A Feeling" follows Dacus' whirlwind, Grammy-winning success with the supergroup Boygenius. She wrote the songs on tour and was inspired by her romance with bandmate Julien Baker. Now, from "Forever Is A Feeling," here is Lucy Dacus with "Ankles."
Lucy Dacus talks "Forever Is A Feeling"
Singer-songwriter Lucy Dacus is back with her first solo project in four years. "Forever Is A Feeling" follows Dacus' whirlwind, Grammy-winning success with the supergroup Boygenius. She opened up about writing the album while on tour with the group, and how her romance with bandmate Julien Baker inspired the new songs.
How to watch Elite 8 March Madness games live for the 2025 NCAA Tournament
Want to stream the Elite 8 March Madness games? Here's the schedule and how to watch the NCAA tournament games live.
Technology
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Technology
Growing demand to power AI, cryptocurrency
As cryptocurrency and artificial intelligence advancements are made, U.S. demand for the energy needed to power massive mining and data centers grows. David Turk, former deputy secretary of the U.S. Department of Energy, joins "The Daily Report" to discuss how much energy the U.S. needs and the potential environmental impacts.
Waltz's Venmo showed his contacts — even after bombshell report on Signal chat
White House chief of staff Susie Wiles was among the contacts listed in Waltz's Venmo account.
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.
Lawsuit against OpenAI over newspaper copyright can proceed, judge rules
Several newspapers have sued OpenAI and Microsoft, seeking to end the practice of using their stories to train artificial intelligence chatbots.
What is Signal, the app used by Trump's team
The Senate Intelligence Committee heard testimony on Tuesday from key players involved in a group chat on the messaging app Signal, in which the U.S.'s highly sensitive plans to bomb Houthi targets in Yemen were discussed inadvertently with a journalist. President Trump said that his administration would investigate the government's use of Signal. CBS News contributor and former CIA official Andrew Boyd has more on what it is and how it's used.
Science
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Is carbon capture a solution to the climate crisis?
Carbon capture chemically removes CO2 from the air, to store or recycle into products. But is this technology – underwritten by the fossil fuel industry – an effective means to address climate change?
Is carbon capture a solution to the climate crisis?
As a tool to address rising greenhouse gas emissions, carbon capture chemically removes carbon dioxide from the air, to store or recycle into products. The company behind a new plant to be opened this summer claims the facility will remove 500,000 tons of CO2 a year. But is this form of carbon capture – underwritten by the fossil fuel industry – an effective means to address climate change? Correspondent David Pogue looks at the technology behind this initiative, and the controversy it has raised.
Bones of mammoths butchered for their tusks unearthed by archaeologists
Remains of five mammoths were found archaeologists from the Austrian Academy of Sciences said Thursday in a news statement.
Venus will pass between the Earth and sun on Saturday
Our planet's closest and brightest neighbor will pass approximately between the Earth and sun this week, in what's called an inferior conjunction.
New evidence about dark energy may be "cusp of a major discovery"
The new findings come from the Dark Energy Spectroscopic Instrument (DESI), which sits on a telescope at the Kitt Peak National Observatory in Arizona.
Crime
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Crime
Utah law to protect child influencers
Utah is establishing legal protections for children who are social media influencers. This comes as cases of abuse emerge among parents with kids in the industry. Tiffany Li, a technology attorney, joins CBS News with more details.
Case of stepson allegedly held captive
A judge held a hearing in the case against a Connecticut woman accused of keeping her stepson captive for 20 years. This comes as the man's biological mother speaks out about the alleged abuse.
Second South Carolina inmate on death row chooses firing squad
Mikal Mahdi, who pleaded guilty to murder for killing a police officer in 2004, is scheduled to be executed April 11.
Lawyers say execution of morbidly obese inmate could be botched
Lawyers for convicted murderer Michael Tanzi say that his weight and health conditions could cause a lethal injection cocktail to fail.
Survivors give victims a voice at murder trial
"48 Hours" correspondent Jonathan Vigliotti speaks to one of seven Jane Does who testified at the trial of David Pearce, the Los Angeles man charged with murder in the overdose deaths of friends Christy Giles and Hilda Marcela Cabrales in 2021.
Space
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Mae Jemison on making history in space and inspiring change on Earth
Dr. Mae Jemison, the first woman of color in space, shares wisdom and encouragement with "CBS Mornings" co-host Gayle King ahead of King's upcoming Blue Origin launch.
When, where to see the March partial solar eclipse
Astronomy fans figuring out where and what time to see the March 29, 2025, partial solar eclipse can check out a map from NASA.
William Shatner offers Gayle King advice before women-led space flight
William Shatner, who became the oldest person to travel to space at age 90, is offering encouragement and practical advice to Gayle King and the all-female crew launching April 14.
Democrats warn of cuts to space office
Democratic members of the House Science, Space and Technology Committee are warning that Department of Government Efficiency cuts to the Office of Space Commerce at the National Oceanic and Atmospheric Administration could harm American interests. CBS News' Natalie Brand reports.
What to know as Gayle King gears up for April space flight
Gayle King will step out of her comfort zone and into a space suit alongside Katy Perry, Lauren Sánchez, Aisha Bowe, Amanda Nguyen and Kerianne Flynn.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
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.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Latest CBS News Videos
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Latest CBS News Videos
Voice of America | Sunday on 60 Minutes
Voice of America, the U.S. government-funded international broadcaster with an 83-year history, is now off the air due to a Trump administration executive order. Bill Whitaker reports, Sunday.
Braving a Portuguese toboggan ride
On one small Portuguese island, a former mode of transportation has become an iconic tourist attraction. Madeira, off the coast of Africa, has a famous toboggan ride that's like downhill skiing without the brakes.
Lucy Dacus performs "For Keeps"
Singer-songwriter Lucy Dacus is back with her first solo project in four years. "Forever Is A Feeling" follows Dacus' whirlwind, Grammy-winning success with the supergroup Boygenius. She wrote the songs on tour and was inspired by her romance with bandmate Julien Baker. Now, from "Forever Is A Feeling," here is Lucy Dacus with "For Keeps."
Lucy Dacus performs "Big Deal"
Singer-songwriter Lucy Dacus is back with her first solo project in four years. "Forever Is A Feeling" follows Dacus' whirlwind, Grammy-winning success with the supergroup Boygenius. She wrote the songs on tour and was inspired by her romance with bandmate Julien Baker. Now, from "Forever Is A Feeling," here is Lucy Dacus with "Big Deal."
Lucy Dacus performs "Ankles"
Singer-songwriter Lucy Dacus is back with her first solo project in four years. "Forever Is A Feeling" follows Dacus' whirlwind, Grammy-winning success with the supergroup Boygenius. She wrote the songs on tour and was inspired by her romance with bandmate Julien Baker. Now, from "Forever Is A Feeling," here is Lucy Dacus with "Ankles."