Trump nominates Kevin Warsh as next Federal Reserve Board chair
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.
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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.
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.
A federal district ruled in September that President Trump's attempt to fire Lisa Cook from the Federal Reserve Board of Governors was likely illegal.
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
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.
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.
President Trump and Federal Reserve Chair Jerome Powell had a disagreement almost immediately as the two men set foot in the Fed's headquarters in Washington on Thursday to survey an extensive renovation project on two of the reserve's buildings. Also on Thursday, The second-highest-ranking official at the Justice Department met with the imprisoned Ghislaine Maxwell, the close confidant of convicted sex offender Jeffrey Epstein.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Water quality testing has allowed a boil water advisory to be lifted in Novi and Walled Lake, GLWA says.
Additional federal funding will be available to assist Northern Lower Michigan with recovery after the disruptive 2025 ice storm.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
Green Bay has become an unlikely whitefish hotspot, even as the species disappears across much of Lake Michigan and the lower Great Lakes.
Officers normally assigned to process Global Entry travelers had been reassigned to process other arriving travelers during the pause.
A weather system that spawned tornadoes in multiple states has resulted in a flood watch for Metro Detroit on Wednesday.
Water quality testing has allowed a boil water advisory to be lifted in Novi and Walled Lake, GLWA says.
Additional federal funding will be available to assist Northern Lower Michigan with recovery after the disruptive 2025 ice storm.
Dale Warner, a Michigan man accused of killing his wife, Dee Warner, was found guilty of second-degree murder and tampering with evidence on Tuesday, March 10.
On Tuesday, leaders announced former City Clerk Rana Faraj was fired due to what they call "the discovery of partisan punching bags featuring candidates' faces inside the Clerk's office."
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Officers normally assigned to process Global Entry travelers had been reassigned to process other arriving travelers during the pause.
A string of tornadoes touched down in multiple states as severe weather stretched from Texas to Michigan.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Jalen Duren scored 26 points, Cade Cunningham had 21 points and 15 assists, and the Pistons hammered the Nets 138-100 on Tuesday night.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
The Pioneers will often practice or play games while fasting while observing the holiday, which runs through March 19.
The Detroit Lions are losing another player, this time it's wide receiver Kalif Raymond, who is reportedly heading to the Chicago Bears.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
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.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Additional federal funding will be available to assist Northern Lower Michigan communities with recovery after a disruptive ice storm that happened nearly a year ago.
Defense Secretary Pete Hegseth called Tuesday one of the "most intense day" of strikes against Iran so far in the military action in the Middle East. In the meantime, the Pentagon says 140 U.S. service members have been wounded during the conflict. CBS News has this report.
Heavy storms spurred the threat of flooding for Metro Detroit. Dale Warner was found guilty of second-degree murder. Those headlines and other top stories are in our news brief.
A Flood Watch is in effect for southern parts of Southeast MI through early afternoon. Additional rounds of showers and storms are expected through the day and may produce heavy rainfall. Rain and possibly Temperatures rising to near Low 60's by noon, then falling to around 51 during the remainder of the day. South southwest wind 10 to 14 mph, with gusts as high as 24 mph. Quiet tomorrow, then accumulating snow is likely Friday morning and strong winds in excess of 40 mph are possible during the day Friday.
Much of Southeast Michigan is under a flood watch until 2 p.m. Wednesday in the aftermath of stormy weather overnight. Here's a look at the road conditions near Detroit Metro Airport about 6 a.m.