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 Howard at KeyBank Center in Buffalo at 7:10 p.m. Thursday.
Cunningham got hurt in Tuesday's win over Washington, leaving midway through the opening quarter with what the team called back spasms.
University of Michigan student who was found dead on campus in January died as a result of extreme cold exposure, aggravated by "acute ethanol intoxication."
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.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Federal officials have found a business checking account linked to former Detroit Mayor Kwame Kilpatrick, and are trying to seize the funds.
Cunningham got hurt in Tuesday's win over Washington, leaving midway through the opening quarter with what the team called back spasms.
Michigan State Police are investigating how and why human remains were found on private property in the Flint area.
University of Michigan student who was found dead on campus in January died as a result of extreme cold exposure, aggravated by "acute ethanol intoxication."
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
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.
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.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
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.
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Allegations of abuse of women and girls by union leader Cesar Chavez were first reported by the New York Times on Wednesday.
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
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.
A second resident of Washtenaw County is suspected to have measles, as health officials continue an investigation about potential cases and exposure sites.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast Michigan.
Michigan takes on Howard at KeyBank Center in Buffalo at 7:10 p.m. Thursday.
Cunningham got hurt in Tuesday's win over Washington, leaving midway through the opening quarter with what the team called back spasms.
Michigan State faces North Dakota State at 4:05 p.m. at KeyBank Center in Buffalo.
Michigan celebrated its best women's basketball players for the first time this season, honoring Diane Dietz, Katelynn Flaherty Yates and Naz Hillmon by raising maize banners to the rafters at Crisler Center with their names and number in blue.
Wisconsin lawmakers are taking a shot at expanding sports betting in the state.
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.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
Michigan Science Center coaches CBS Detroit meteorologist Vytas Reid through an astronaut-themed task. The hands-on lesson ties in with the dedication of the science center's planetarium.
Ford Road in Canton Township is back open after a fiery crash on Wednesday. A woman is dead after a shooting in Sumpter Township. Those headlines, sports and weather are in our news brief.
Director of National Intelligence Tulsi Gabbard told the Senate Intelligence Committee that the Iranian regime "appears to be intact but largely degraded" by ongoing U.S. and Israeli strikes, laying out the intelligence community's assessment of the war at a hearing on Wednesday.
Gas prices are continuing to trend up in Michigan and across the country. Vice President JD Vance, during a speech in Auburn Hills Wednesday, said the Trump administration is taking steps soon to help alleviate the increased costs.
The intersection of Ford and Haggerty roads in Canton Township reopened late Wednesday after a fiery crash involving a car and a semi. The Michigan Department of Transportation explains what it would take to make the intersection safer.