The eyes of the global financial markets are on the US Federal Reserve. It's expected to be cut later on Wednesday, around a quarter-point. But US President Donald Trump has called repeatedly for much steeper rate cuts.

Washington

US President Donald Trump has taken several steps to influence the Federal Reserve, including attempting to remove board member Lisa Cook and appointing Stephen Myron, his Council of Economic Advisors chairman, to a vacant seat. Myron has stated he will act independently, but concerns have been raised due to his ongoing ties to the White House.

Experts warn that undermining the Federal Reserve's independence could lead to lower interest rates due to political pressure, potentially resulting in higher inflation and reduced consumer spending. Such changes in the US, the world's largest economy, could have significant global economic impacts.

Global markets watch as Trump challenges Fed independence

It's been one of the most talked about relationships in Washington. U.S. President Donald Trump and the Federal Reserve Chairman Jerome Powell, he appointed in his first term. Trump has denigrated Powell repeatedly, while taking unprecedented steps to sway the Federal Reserve Board's decisions. He tried to fire Lisa Cook from the board. The courts have decided he can't, so he is appealing that decision to the Supreme Court. And he was able to rapidly fill a vacant seat with Chairman of his Council of Economic Advisors Stephen Myron. Look, the president nominated me because I have policy views that I suppose that he liked. If I'm confirmed to this role, I will act independently as the Federal Reserve always does. But Myron is only taking a leave of absence from his White House job, raising concerns for some. Myron will be nothing more than Donald Trump's mouthpiece at the Fed. He has no independence, no sympathy for American families and businesses suffering from his policies and a fundamental misunderstanding of how the American economy works. The president himself seemed to shed doubt on Myron's independence. I'm going to call him in a few minutes from the helicopter. And he's a good man. Most of you know him. He's very talented. He'll have a big influence on this, but too late getting his rates down. Experts say if the Federal Reserve does lose its independence, it could have big implications for the global economy. Independence being violated at the Fed always ends one way, with lowered interest rates as a result of political pressure and that results in increased inflation. So that would be extremely bad. Higher inflation in the United States leads to slowing consumer spending. And when you're talking about the world's largest economy, what happens here has the ability to impact everywhere. Patty Colhane, Al Jazeera, Washington.

King Charles III will host Trump at Windsor Castle this Wednesday before talks with Prime Minister Keir Starmer at Chequers, the British leader’s rural retreat.

London

Donald Trump arrives in the UK for historic second state visit

Authorities in Utah will seek the death penalty for the man accused of fatally shooting conservative activist Charlie Kirk at Utah Valley University (UVU) last week, the state’s top prosecutor has said. The announcement came as authorities formally charged Tyler Robinson in the killing.

Utah

Prosecutors to seek death penalty for alleged Charlie Kirk shooter

The U.S. Secretary of State has visited Qatar a week after Israel attacked a meeting of the Hamas negotiating team in Doha. Marco Rubio met Qatar's Prime Minister and the Emir, Sheikh Tamim Bin Hamad Al Thani.

Doha

Marco Rubio visits Doha, holds talks with Emir and PM

Utah County Attorney Jeff Gray provided updates Tuesday on the case against Tyler Robinson, the 22-year-old accused of fatally shooting Charlie Kirk. Robinson is charged with seven counts, including aggravated murder. The state is seeking the death penalty.

Utah County

Charlie Kirk shooting suspect charged with murder

A judge has dismissed two state terrorism-related charges against Luigi Mangione, the 27-year-old accused of killing UnitedHealthcare CEO Brian Thompson last December. CBS News' Anna Schecter has more details.

New York

Luigi Mangione's state terrorism charges dismissed in CEO killing

Israel said it has launched its ground offensive in Gaza City. It comes as a United Nations inquiry finds that Israel's nearly two-year war on Gaza is a genocide. Israeli leaders have denounced the report as "distorted and false."

Jerusalem

Middle East Conflict

Israel launches main phase of ground offensive in Gaza City

U.S. President Donald Trump becomes the first U.S. president to receive a second state visit as Britain faces protests over immigration and growing support for the pro-Trump Reform Party. CBS News correspondent Ed O'Keefe reports from London.

Trump begins state visit to London amid rising political tensions

U.S. President Donald Trump announced Monday (Sept. 15) the U.S. military carried out a second strike against an alleged Venezuelan drug boat. CBS News' Charlie D'Agata has the latest.

Caracas

Trump announces second U.S. strike on alleged Venezuelan drug boat

U.S. President Donald Trump threatened investigations into the ‘radical left,’ following the shooting death of Charlie Kirk. Vice-President J.D. Vance on Kirk’s podcast encouraged people to turn in those who celebrated the conservative commentator’s killing.

Charlie Kirk’s killing prompts broad threats from Trump administration

The United States and China reached a framework agreement to switch short-video app TikTok to U.S.-controlled ownership, U.S. officials said.

Washington County

U.S., China reach framework deal on TikTok

U.S. Secretary of State Marco Rubio met in Jerusalem with Israeli Prime Minister Benjamin Netanyahu, as close U.S. ally Qatar gathered other Arab nations' leaders for a summit to issue unified condemnation of last week's Israeli airstrike targeting Hamas leaders in the Qatari capital.

What to know about Rubio's trip to Israel, Qatar summit

President Trump announced the U.S. military has carried out a second strike on alleged Venezuelan "narcoterrorists" in international waters. Three men were killed.

Trump announces second strike on alleged drug boat from Venezuela

Arab and Islamic leaders are gathering in Qatar for an emergency summit following an Israeli attack on Hamas leaders in Doha. The meeting aims to show unity and increase pressure on Israel.

Arab, Islamic leaders meet in Qatar after Israeli attack on Hamas

HBO's medical drama, "The Pitt" beat out heavily-favored Apple TV's "Severance" for outstanding drama series at the Emmy Awards. Meanwhile, Apple TV's "The Studio" walked away with 13 awards and broke the Emmy record for the most wins by a comedy in a single season.

Los Angeles

"The Pitt," "The Studio," and "Adolescence" win big at Emmy Awards

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday to meet with Prime Minister Benjamin Netanyahu and other officials amid the nation's recent strike in Doha, Qatar, and intensified attacks in Northern Gaza.

Israel hosts U.S. Secretary of State Marco Rubio

Over the weekend, tens of thousands of people marched through London in a rally billed as in support of free speech. Many of the chants and speeches at the rally, which was organized by a far-right activist, were protesting against immigration.

Thousands in London march in rally organized by far-right activist

U.S. and Chinese officials concluded a first day of talks in Madrid on their strained trade ties, a looming divestiture deadline for Chinese short-video app TikTok, amid Washington's demands that its allies place tariffs on imports from China over its purchases of Russian oil.

Madrid

Global Tariffs

U.S., China begin trade talks in Spain as TikTok deadline looms

Police are searching for a motive in Wednesday's killing of conservative activist and influencer Charlie Kirk. Authorities say interviews with family and friends of the 22-year-old suspect suggest he could have been radicalized in the dark corners of the internet.

Orem

Charlie Kirk shooting suspect 'not cooperating' with authorities

U.S. Secretary of State Marco Rubio said ahead of the trip that he will be seeking answers from Israeli officials about how they see the way forward in Gaza. Rubio's trip comes after Israel's attack on Hamas leaders in Qatar that upended efforts to broker an end to the conflict.

U.S. Secretary of State Marco Rubio in Israel for talks

Five U.S. F-35 fighter jets landed in Puerto Rico amid escalating tensions with Venezuela. Separately, Caracas said 18 armed U.S. Navy personnel raided a tuna boat sailing in Venezuelan waters.

San Juan

U.S. sends jets to Puerto Rico amid escalating tensions with Venezuela

U.S. President Donald Trump said he believes the Russia-Ukraine war would end if all NATO countries stopped buying oil from Russia and placed tariffs on China of 50 percent to 100 percent for its purchases of Russian petroleum.

Trump calls on NATO members to stop purchasing Russian oil

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday, as Israel intensified its attacks against northern Gaza. The trip is taking place after President Donald Trump rebuked Israel over the unprecedented attack against Hamas leaders meeting in Doha.

Tel Aviv-Yafo

Marco Rubio visits Israel to push for Gaza ceasefire talks

NATO announced plans to beef up the defense of Europe's eastern flank on Friday, two days after Poland shot down drones that had violated its airspace in the first known action of its kind by a member of the Western alliance during Russia's war in Ukraine.

Warsaw

Ukraine Invasion

NATO bolsters its eastern flank after Russian drones hit Poland

Protests broke out in Chicago on Saturday against President Trump's immigration crackdown. A group of Catholic clergy led what they called a "People's Mass" outside the Great Lakes Naval Base. The base will also be used by Immigration and Customs Enforcement as a staging area for deportations.

Chicago

Tensions over immigration escalate in Chicago

More than 100,000 people took to the streets in London on Saturday, in what's believed to be the largest anti-immigration protest in British history. Organizers called it a "Unite the Kingdom" rally.

Huge crowds march for right-wing "Unite the Kingdom" rally in London

President Trump signaled a new position on Russia's war with Ukraine. He said the U.S. will agree to additional sanctions on Moscow, but only when NATO allies stop buying Russian oil. Willie James Inman has more details.

Trump says NATO must stop buying Russian oil

Tyler Robinson, the 22-year-old suspect in the murder of conservative activist Charlie Kirk, is being held in Spanish Fork, Utah. Officials have yet to identify a precise motive for Wednesday's shooting. Carter Evans has new developments.

Suspect's family says he recently became more political

NATO has launched operation Eastern Sentry to bolster its presence along the eastern flank of Europe, after Russian drones were found in Poland on Wednesday. Meanwhile, U.S. President Donald Trump is calling on all treaty members to increase economic pressures on Russia.

Trump calls on NATO members to impose sanctions on Russia

More than 100,000 people marched through central London on Saturday in a 'Unite the Kingdom' demonstration against immigration organized by far-right activist Tommy Robinson. Police said a number of officers were assaulted.

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