Economy

74 stories

New Tariffs Escalate U.S.-Canada Trade Dispute

Trade tensions between the United States and Canada have intensified after both governments moved to impose fresh tariffs, deepening a dispute that officials say risks harming industries and consumers on both sides of...

Fed Keeps Rates Steady as Inflation Worries Persist

The Federal Reserve left its benchmark interest rate unchanged for a seventh consecutive month, a move that underscored persistent inflation worries even as policymakers and markets weigh competing risks to growth. The...

Kevin Hassett on Face the Nation, May 24, 2026

Updated May 24, 2026 / CBS News This is a rewritten account of the interview with Kevin Hassett, Director of the White House National Economic Council, on Face the Nation with Nancy Cordes. Nancy Cordes opened by asking...

Could Backyard ADUs Ease the Housing Crunch?

May 17, 2026 / CBS News When the Almeda Fire raced through Southern Oregon’s Rogue Valley in 2020, whole neighborhoods were wiped out and a local housing shortage followed. In Medford, artist and contractor Jacob Fry...

ADUs: Backyard housing to ease local shortages

Accessory Dwelling Units — ADUs — are compact, fully equipped secondary homes built on the same lot as a primary house. Often called “granny flats,” carriage houses or backyard cottages, ADUs typically include a...

Jerome Powell’s Fed legacy as his term ends

Friday marked Jerome Powell’s final day as Fed chair. His time in charge will be remembered for two central themes: a fierce defense of the Fed’s independence and a contentious record on inflation.