The Fed's Powell is worried about the job market. Here are 3 red flags.
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.
Watch CBS News
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.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
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.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
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%
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
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 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.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
With so much uncertainty in the world, economic recovery will be a long, slow process.
It's not just the ski slopes feeling the pain of no snow, it's also the plow drivers like Jerome Powell of Powell and Sons Landscaping and Snow Removal.
Protests are still breaking out across the country after a Minneapolis woman was shot and killed by a U.S. Immigration and Customs Enforcement agent. CBS News Detroit spoke with people with differing perspectives on the issue on Sunday.
Adrian College's Alex Weaver beat out 117 other competitors to win the college singles cornhole national championship on Jan. 2.
General Motors is back on Woodward Avenue. The automaker's world headquarters is now at Hudson's Detroit.
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.
It's a rough start to the new year for two South Lyon, Michigan, families after their duplex caught fire on Wednesday night.
Protests are still breaking out across the country after a Minneapolis woman was shot and killed by a U.S. Immigration and Customs Enforcement agent. CBS News Detroit spoke with people with differing perspectives on the issue on Sunday.
It's a rough start to the new year for two South Lyon, Michigan, families after their duplex caught fire on Wednesday night.
The University of Michigan says its Board of Regents will hold a special meeting on Monday to elect the school's 16th president.
President Trump is scheduled to speak to the Detroit Economic Club on Tuesday, the nonprofit said Saturday afternoon.
General Motors is back on Woodward Avenue. The automaker's world headquarters is now at Hudson's Detroit.
General Motors is back on Woodward Avenue. The automaker's world headquarters is now at Hudson's Detroit.
For the first year, Charity Preview Junior is kicking off the Detroit Auto Show festivities.
Michigan Overland Adventure, an automotive industry exhibit celebrating off-road adventures, will debut during the 2026 Detroit Auto Show.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
A 15-gallon tank of gas will cost Michiganders about $42, which is around $15 less than the highest price drivers paid in July 2024.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
Protests are still breaking out across the country after a Minneapolis woman was shot and killed by a U.S. Immigration and Customs Enforcement agent. CBS News Detroit spoke with people with differing perspectives on the issue on Sunday.
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.
Trump administration officials are set to meet with Danish officials about Greenland on Wednesday, diplomatic sources tell CBS News.
The wall text, which summarized Trump's first presidency and noted his 2024 comeback victory, was part of the museum's "American Presidents" exhibition.
"That's going to be up to American businesses. That's certainly a very real possibility," Energy Secretary Chris Wright said on "Face the Nation with Margaret Brennan."
The U.S. House of Representatives approved Thursday a three-year extension of subsidies for the Affordable Care Act.
Michigan health officials say only 23% of Michigan residents have received this year's influenza vaccine.
The CDC took six previously routine vaccinations off its recommendation list, but Michigan health officials suggest parents consider those immunizations anyway.
Eligible Detroit families will receive $1,500 during pregnancy, along with $500 per month for six months, for a total of $4,500 through Rx Kids.
FDA-approved semaglutide drug is the first GLP-1 pill for weight loss available in the U.S., according to drugmaker Novo Nordisk.
Adrian College's Alex Weaver beat out 117 other competitors to win the college singles cornhole national championship on Jan. 2.
Kawhi Leonard scored 26 points and John Collins added 25 as the Los Angeles Clippers rallied to beat the short-handed Detroit Pistons 98-92.
Two-time AL Cy Young Award winner Tarik Skubal asked for a record $32 million in salary arbitration while the Detroit Tigers offered the left-hander $19 million.
Patrick Kane became the 50th player in NHL history to reach 500 goals, scoring his second goal of the game into an empty net with 3:53 left to help the Detroit Red Wings beat the Vancouver Canucks 5-1 on Thursday night.
A spokesperson for the Chicago Blackhawks confirmed the team received word of Hall's death from his family.
The focus is on health, as Dusty Mysen, a father of four from Oxford, diagnosed with pancreatic cancer several years ago, who underwent aggressive therapy, is now cancer-free five years later.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
The state of Michigan can do better when it comes to raising the bar on K-12 public education.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
General Motors employees will move into their new global headquarters on Woodward Avenue on Monday. CBS News Detroit's Alysia Burgio shares a preview of their new facility.
Dittrich Furs on Third Street in Detroit has announced it will be shutting its doors after 132 years of serving Southeast Michigan.
The pews were filled at St. Juan Diego Parish in Detroit on Sunday as church leaders held their last-ever Mass in the building. Officials say declining attendance and financial pressures forced them to close.
It's been a rough start to the new year for two South Lyon families. Their duplex caught fire on Wednesday. CBS News Detroit's Veronica Ortega explains how their community is jumping in to help.
Protests continued on Sunday after a woman was shot and killed by a U.S. Immigration and Customs Enforcement agent in Minneapolis. Demonstrators are calling for an investigation into the shooting, and new immigration enforcement policies. Not everyone believes the agent was wrong.