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.
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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.
Around 48 people have been displaced after a fire at an apartment complex in Ann Arbor, Michigan, the city's fire department said early Sunday.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
Kickoff between the Steelers and the Lions is set for 4:25 p.m. at Ford Field in Detroit.
The Powerball jackpot grew to an estimated $1.6 billion after no tickets matched all six winning numbers at Saturday night's drawing. It's the fifth-largest prize among U.S. lottery jackpots.
Cade Cunningham had a triple-double and Jalen Duren added 19 points and 11 rebounds as the Detroit Pistons beat the Charlotte Hornets 112-86.
A vigil was held in Warren, Michigan, on Saturday for Mucari Finley at the place where he died earlier this month.
Around 48 people have been displaced after a fire at an apartment complex in Ann Arbor, Michigan, the city's fire department said early Sunday.
A life ring and a lifeboat remnant from a famous Great Lakes shipwreck have sold at auction for $150,000.
A suspect is in custody in the aftermath of a fatal shooting at a Kroger store in Westland, Michigan, police say.
President Trump on Thursday signed an executive order to reclassify marijuana. While it might seem like a small move, it opens a new door for the industry as a whole.
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.
Ford Motor Co. has stepped up technology in its popular F-150 pickup to combat ever-evolving techniques car thieves have at their disposal.
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
Known as a popular Hollywood director, Rob Reiner also had a lengthy record of political and civic activism, especially in California.
Nick Reiner, a son of director Rob Reiner and his wife Michele, has been arrested on murder charges following their deaths, police said.
The Powerball jackpot grew to an estimated $1.6 billion after no tickets matched all six winning numbers at Saturday night's drawing. It's the fifth-largest prize among U.S. lottery jackpots.
The episode has deepened concerns that had already emerged from the Justice Department's much-anticipated document release.
President Trump on Thursday signed an executive order to reclassify marijuana. While it might seem like a small move, it opens a new door for the industry as a whole.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
The Justice Department released thousands of new photos and records on Jeffrey Epstein on Friday, but at least 550 pages in the documents were fully redacted.
President Trump on Thursday signed an executive order to reclassify marijuana. While it might seem like a small move, it opens a new door for the industry as a whole.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Henry Ford Health has announced new labor agreements with registered nurses and radiology technicians at its Rochester hospital.
A Michigan hospital is asking members of the public to raise their flashlights as well as the spirits of children during the holiday season.
Oakland County health officials are reporting a confirmed case of measles in a pediatric patient at DMC Huron Valley-Sinai Hospital.
Kickoff between the Steelers and the Lions is set for 4:25 p.m. at Ford Field in Detroit.
Cade Cunningham had a triple-double and Jalen Duren added 19 points and 11 rebounds as the Detroit Pistons beat the Charlotte Hornets 112-86.
The Detroit Lions have placed All-Pro safety Kerby Joseph on injured reserve.
Will Bower threw for two touchdowns and rushed for three more as Ferris State won its fourth NCAA Division II championship in the past five years, taking down Harding 42-21 on Saturday.
Moritz Seider had a goal and an assist and the Detroit Red Wings beat the Washington Capitals 5-2.
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.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Hundreds of thousands will line up along Woodward Avenue for America's Thanksgiving Parade in Detroit.
Warming trend starts Monday
In part two of her conversation with the running backs of the Detroit Lions at the Bronx Bar, CBS News Detroit's Rachel Hopmayer asks the group about coaching aspirations and journeys with parenthood.
The Detroit Association of Black Organizations pitched in on Saturday to provide gifts and food to families in need. It was part of the group's annual gift giveaway at the Bridge Center.
The nonprofit Detroit Horse Power held a beam-signing ceremony on Saturday to celebrate a milestone in the construction of what will be one of the largest urban equestrian centers in America.
A soup kitchen in Detroit’s Corktown neighborhood has been around for decades. The people behind it have decided its time to retire. Veronica Ortega looks at their legacy.