Trump mounts new effort to fire Fed's Lisa Cook after Supreme Court ruling
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
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The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
Alan Greenspan's lengthy reign at the Federal Reserve coincided with a period of stability from the mid-1980s until 2007.
U.S. inflation is expected to remain elevated through the end of the year, Fed officials say in their latest forecast.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
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.
Stalemate between two countries deepens as President Trump mirrors Iran's demand for compensation and claims U.S. controls the Strait of Hormuz
Ahead of a flight from Turkey, President Trump secretly left Air Force One and was moved to another plane with the help of a catering truck, according to a source, as the U.S. grappled with a threat from Iran.
Safety concerns continue in the city of Birmingham, Michigan, but this time they center on a big fight on the downtown street.
A Clarkston, Michigan, man is facing charges for alleged indecent exposure over the weekend at the Twelve Oaks Mall in Novi.
Three tubers who went missing along the Muskegon River in West Michigan last week are recovering following a three-day search and rescue.
Safety concerns continue in the city of Birmingham, Michigan, but this time they center on a big fight on the downtown street.
Once again, Southeast Michigan is on the cusp of a storm risk, with a marginal chance highlighting our southern counties.
Three tubers who went missing along the Muskegon River in West Michigan last week are recovering following a three-day search and rescue.
Stalemate between two countries deepens as President Trump mirrors Iran's demand for compensation and claims U.S. controls the Strait of Hormuz
Ahead of a flight from Turkey, President Trump secretly left Air Force One and was moved to another plane with the help of a catering truck, according to a source, as the U.S. grappled with a threat from Iran.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Dodge unveiled the return of the Super Bee on Thursday during a media preview for Roadkill Nights Powered by Dodge at M1 Concourse in Pontiac.
As a special Goodyear Auto Service Center, the store will display the company's products, technology and heritage.
The president's visit to the Great Lakes state comes less than 100 days before midterm elections that will test his party's grip on Congress.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
No winning tickets were sold for Monday night's $905 million Powerball jackpot, so the estimated grand prize for Wednesday night's drawing will be at least $975 million, Powerball says.
The recalled products with jalapeño were distributed at national retailers, including Walmart, Target and Trader Joe's, in 26 states.
Michigan Senate candidate Abdul El-Sayed says he's spoken with Barack Obama and hopes the former president will campaign with him.
The man who prosecutors say orchestrated the 1996 killing of rap icon Tupac Shakur, Duane "Keffe D" Davis, is on trial almost 30 years after the drive-by shooting in Las Vegas.
Dr. Jay Bhattacharya, director of the National Institutes of Health, said "I trust the science" on vaccines as measles cases have risen to their highest levels in 35 years.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The fungus can live on surfaces, move from person to person and, in some cases, resist the drugs used to treat it. For people who are already sick, the fungus can become life-threatening and, in some cases, fatal.
State and federal health officials say cyclosporiasis cases are slowing down, and contaminated lettuce is no longer on the market.
The Michigan Department of Health and Human Services says it has counted 12,218 cyclosporiasis cases in the state as of Aug. 5.
Despite more than 11,500 cyclosporiasis cases statewide, Michigan health officials say residents should continue eating fresh produce and follow washing and handling steps to reduce their risk of illness.
The Detroit Lions will be without starting center Cade Mays for a "significant" amount of time after the free agent addition suffered a wrist injury.
Hao-Yu Lee drove in the go-ahead run in the 10th inning with a pinch-hit single and the Detroit Tigers beat the San Francisco Giants 3-1 in the rubber game of their series.
The Detroit Lions are signing veteran quarterback Josh Dobbs, according to NFL media. The move comes after the team placed QB Teddy Bridgewater on the reserved/retired list on Sunday.
Detroit Lions Pro Bowl running back Jahmyr Gibbs finally got what he wanted. A record-setting contract brought financial security, but for Gibbs, it also ended an anxious wait that had kept him off the practice field.
Rafael Devers hit a two-run homer in the first, Jung Hoo Lee singled in a pair of runs the next inning before Willy Adames homered in the fifth, and the San Francisco Giants beat the Detroit Tigers 5-2.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Good morning, Family! Partly sunny today, high 83 with a chance for thunderstorms this afternoon and evening A few isolated storms may be severe capable of producing damaging winds, large hail and heavy rainfall. Greater potential exists between I-94 and the Ohio border. A Marginal Risk (1 of 5) for severe weather across parts of southeast Michigan. Drier conditions develop Friday and Friday night.
President Trump signed an executive order that reduces the number of recommended childhood vaccines from 18 to 11.
Three tubers who went missing along the Muskegon River in West Michigan last week are recovering following a three-day search and rescue.
Video of a brawl in Birmingham, Michigan, has gone viral and has residents concerned, prompting officials to do something about.
The Michigan Department of Natural Resources released body camera footage on Monday, Aug. 10, showing officers rescuing two women and a child who went missing while tubing along the Muskegon River last week. (Video courtesy: Michigan Department of Natural Resources)