Detroit organization concerned as confusion remains over federal funding
Last week, the Trump administration rescinded the memo about freezing federal funds, and some local organizations say their ...
Federal law requires Minneapolis Fed to diversify workforce. Could Trump’s DEI order change that?
Like other government financial agencies, the Federal Reserve Banks have an Office of Minority and Women Inclusion focused on ...
In a switch, Trump approves the Fed's decision to hold interest rates steady
President Donald Trump commended the Federal Reserve for its decision last week to leave interest rates unchanged. "Holding ...
Donald Trump is just one of the Fed’s problems
Federal Reserve Chair Jerome H. Powell faces four challenges at once, all of them daunting.
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Trump's second week in office delivers shock therapy, chaotic orders, a mix of politics and tragedy
President Donald Trump’s second week in office seemed to deliver a daily dose of shock therapy for the country.
Fed leaves rates unchanged, sees no hurry to cut again
Wall Street stocks slipped and the dollar gained on Friday after President Donald Trump announced tariffs on Canada, Mexico and China, capping a volatile week for markets.
CBS Detroit on MSN5d
Metro Detroit politicians, advocates urge immigrants to know their rights
On Wednesday, advocates in Metro Detroit rallied together at Patton Park in Detroit to emphasize the rights of local ...
Live: Federal Reserve Remains Cautious Amid Uncertainty
Welcome to Investopedia's live blog of the Federal Reserve's January meeting. Here, we will bring you the latest news on the ...
WXYZ Detroit 7, MI on MSN5d
Metro Detroit Weather: Falling temps with snow showers
Mostly cloudy with a slight chance of a light snow showers Falling temperatures into the upper 20s by the evening. Winds: WNW 20-30 with gusts to 35+ mph.
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Fact Check: Trump Doesn't Have the Power to Force Lower Interest Rates
While Trump will be able to appoint a new Fed chair in 2026, he does not have the ability to set monetary policy or change the federal funds rate. No president has the direct power to reduce mortgage ...
Fed meeting recap: Powell says central bank is in no hurry to cut rates again
Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair ...
Bank lending prospects among key inputs for policymakers at Fed meeting
Credit data likely to be considered at a two-day Federal Reserve policy meeting that begins on Tuesday may show pumps primed ...