Federal Reserve holds interest rates steady, citing economic uncertainty
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
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Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
The Federal Reserve announced Wednesday to cut base interest rates by a quarter percentage point bringing 4.25%. It's the first cut we've seen in nine months and that could have an impact on consumer interest rates for credit card debt, car loans and mortgage rates. CBS News has this report.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Lisa Cook sued the Trump administration to block her firing, the first time a president has sought to remove a member of the seven-person board of governors.
The Federal Reserve's September meeting this week is taking place amid the Trump administration's push for the agency to lower interest rates.
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Headlines from the White House include the latest discussions on a new crime bill; President Trump's dispute with a Federal Reserve governor; and a letter submitted by some FEMA staff. CBS News has this report.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
President Trump called on Fed Governor Lisa Cook to resign on Wednesday after one of his appointees accused her of mortgage fraud.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
Wednesday before the Senate Banking Committee, Federal Reserve Chair Jerome Powell emphasized the country's national debt is on an unsustainable path. Also on Wednesday, President Trump said he had people in mind for Powell's replacement, although the chair's term is not yet expired.
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
Michigan takes on St. Louis at KeyBank Center in Buffalo at 12:10 p.m. Saturday.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
The Oakland Hills Country Club's clubhouse will once again be open to its members more than four years after a fire destroyed the century-old building.
Grace VanSlooten and Kennedy Blair each scored 18 points, and Michigan State rallied in the second half to beat Colorado State 65-62 in the first round of the women's NCAA Tournament.
Jalen Duren scored 23 points as the Detroit Pistons beat the Golden State Warriors 115-101 in a game missing two of the NBA's biggest stars.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
Dominique Townsend says the challenges she's faced inspired her to begin developing RideAble, a rideshare service designed specifically for people with disabilities.
While the legislation passed both the Michigan House and Senate, it was never formally sent to the governor, leaving it stalled in legal limbo.
Michigan takes on St. Louis at KeyBank Center in Buffalo at 12:10 p.m. Saturday.
On Thursday, Detroit Mayor Mary Sheffield signed an executive order to improve lighting across thousands of residential city blocks.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
A $4.3 billion investment is going toward a battery cell manufacturing plant in Lansing, Michigan, to provide Tesla with prismatic battery cells.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
Grace VanSlooten and Kennedy Blair each scored 18 points, and Michigan State rallied in the second half to beat Colorado State 65-62 in the first round of the women's NCAA Tournament.
Jalen Duren scored 23 points as the Detroit Pistons beat the Golden State Warriors 115-101 in a game missing two of the NBA's biggest stars.
Mila Holloway and Syla Swords each had seven points in a dominant opening quarter and combined to score 33 points, leading second-seeded Michigan to an 83-48 win over 15th-seeded Holy Cross in the first round of the women's NCAA Tournament.
Once a revered and beloved figure in the farmworker movement, new sexual abuse allegations against labor leader Cesar Chavez are reaching far beyond the union line.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
Legislation is pending in Lansing that is intended to prohibit the sale or distribution of a substance called kratom.
A new report says Michigan should invest in primary care doctors to ease a severe shortage of physicians that has led to long wait times, higher costs and missed care.
The vote from 10,000 nurses at nine hospitals and campuses received 90% approval for authorization
China Reynolds' son, Auggie, could be waiting for the next 6 to 12 months in the hospital until a new heart is available.
Michigan takes on St. Louis at KeyBank Center in Buffalo at 12:10 p.m. Saturday.
Grace VanSlooten and Kennedy Blair each scored 18 points, and Michigan State rallied in the second half to beat Colorado State 65-62 in the first round of the women's NCAA Tournament.
Jalen Duren scored 23 points as the Detroit Pistons beat the Golden State Warriors 115-101 in a game missing two of the NBA's biggest stars.
Mila Holloway and Syla Swords each had seven points in a dominant opening quarter and combined to score 33 points, leading second-seeded Michigan to an 83-48 win over 15th-seeded Holy Cross in the first round of the women's NCAA Tournament.
The Detroit Lions have sold out their season tickets ahead of the 2026 season, the team announced on Friday.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Cool and dry conditions will hold on Saturday, with rain arriving on Sunday.
As the partial government shutdown continues, some Transportation Security Administration workers across the U.S. have called out over missed paychecks.
After residents in Clawson, Michigan, reported a possible DTE impersonator, a resident in Troy says someone came to her home claiming to be from the utility company.
Catholics and other faith communities around the world are observing Lent, a season of prayer and fasting and acts of charity. For those abstaining from eating meat, they will be eating fish instead. In part of the celebration are Friday Fish Fries, and one is hosted at St. Andrew's Society of Detroit in Troy.
The war in the Middle East is having an impact on how the Muslim community in Metro Detroit is recognizing Eid al-Fitr, marking the end of Ramadan.