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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.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The Monroe County Sheriff's Office is urging people never to point a laser at an aircraft after a reported laser strike in Bedford Township, Michigan, on Sunday.
Hot and humid conditions arrive quickly in Southeast Michigan on Monday with highs in the upper 80s to low- to mid-90s and heat indices briefly exceeding 100 degrees in the afternoon, especially west of Interstate 75.
Rescue efforts continue in Venezuela after two massive earthquakes struck the country on Wednesday. In Metro Detroit, organizations and businesses are coming together to help those impacted.
The Detroit Tigers were bested by the Astros 7-5 on Sunday at Comerica Park after Houston's Christian Walker hit a three-run homer during a four-run 10th inning for the visitors.
A girl is dead after going underwater in the Detroit River by Maheras-Gentry Park on the east side of Detroit Saturday night, according to police.
Hot and humid conditions arrive quickly in Southeast Michigan on Monday with highs in the upper 80s to low- to mid-90s and heat indices briefly exceeding 100 degrees in the afternoon, especially west of Interstate 75.
Michigan State Police personnel are investigating after the body of a newborn baby was found in a restroom at the Electric Forest festival on Sunday morning.
A girl is dead after going underwater in the Detroit River by Maheras-Gentry Park on the east side of Detroit Saturday night, according to police.
Rescue efforts continue in Venezuela after two massive earthquakes struck the country on Wednesday. In Metro Detroit, organizations and businesses are coming together to help those impacted.
The Monroe County Sheriff's Office is urging people never to point a laser at an aircraft after a reported laser strike in Bedford Township, Michigan, on Sunday.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
According to AAA, the average cost of gas statewide sits at $4.07.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
Grammy Award-winning rapper and recording artist Ludacris won't be performing at the National Cherry Festival in Traverse City, Michigan, after initially being billed for the event due to an "unforeseen scheduling conflict," according to organizers.
National Detroit-style Pizza Day is June 23, a date tied to a dish that traces its roots to a Detroit neighborhood bar and a Sicilian family recipe from 1946.
Crews have been preparing all morning, getting everything ready for the show just after 10 p.m.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
An Equal Rights Amendment to the U.S. Constitution – guaranteeing rights to all Americans regardless of sex – was first proposed to Congress in 1923. More than a century later, the ERA still has not become a formal part of our nation's bedrock of laws.
Americans weighed in on what's best about the U.S., its greatest invention, most representative food and more in latest CBS News poll.
Anthony Cohen has spent his life bringing attention to the Underground Railroad, secret routes once used by enslaved people seeking freedom.
President Trump on Saturday said he has nominated Lance Schroyer to be the next director of U.S. Immigration and Customs Enforcement.
Keider Montero and Emmanuel De Jesus combined for a five-hitter while both Venezuelans wore hats embroidered with "VZ" after this week's earthquakes, and the Detroit Tigers beat the Houston Astros 8-0 on Friday night.
A Detroit grandmother dedicated to honoring her daughter's memory needs the public's help. After starting a transportation business to support her family, her vehicle is breaking down and she needs a new one to continue the service.
State officials have taken over the investigation into one death and hospitalizations among patients who received dialysis treatment in Southeast Michigan.
Five of the twelve organizations receiving these opioid settlement funded grants are located in Southeast Michigan.
The death of one dialysis patient and hospital treatment for five others are under scrutiny in the Novi area.
Michigan Gov. Gretchen Whitmer named a new acting director of the Michigan Department of Health and Human Services ahead of current Director Elizabeth Hertel's departure.
The Detroit Tigers were bested by the Astros 7-5 on Sunday at Comerica Park after Houston's Christian Walker hit a three-run homer during a four-run 10th inning for the visitors.
Isaac Paredes hit a two-run double in the eighth inning and the Houston Astros spoiled their former manager's opportunity at a milestone victory by rallying for an 8-6 win over the Detroit Tigers.
Keider Montero and Emmanuel De Jesus combined for a five-hitter while both Venezuelans wore hats embroidered with "VZ" after this week's earthquakes, and the Detroit Tigers beat the Houston Astros 8-0 on Friday night.
Five-time Olympian Hilary Knight signed a two-year contract extension with her new PWHL expansion team in Detroit, securing her through the 2028-29 season.
Tatsuya Imai struck out 10 in six scoreless innings and Taylor Trammell homered to lead the Houston Astros to a 2-1 victory over the Detroit Tigers on Thursday night.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
A girl is dead after she went underwater in the Detroit River on Saturday night, the body of a newborn was found at the Electric Forest festival in West Michigan and other top stories for the evening of June 28, 2026.
Sterling Heights Mayor Michael Taylor wants state lawmakers to change laws surrounding fireworks. He says cities need more authority over how they're enforced.
Metro Detroit residents are coming together to raise money and collect donations for people in Venezuela impacted by the earthquakes that rocked the country on Wednesday. Many of them still have family living there. CBS News Detroit's Veronica Ortega reports.
An Extreme Heat Watch starts Tuesday at noon
Police say a girl is dead after she went underwater in the Detroit River by Maheras-Gentry Park on Detroit's east side Saturday night.