Jefferson echoed recent statements from other officials that it’s in the Fed’s best interest to move slowly as it evaluates ...

The Federal Reserve can continue cutting interest rates at least "over the medium term," Fed Vice Chair Philip Jefferson said ...

Economists at the University of Michigan in Ann Arbor say they expect the city of Detroit’s economic picture to return to growth this year after a “challenging” 2024, as monetary policy eases and ...

The finance arm of the Detroit automaker has resubmitted its application for an industrial loan company charter to the ...

Last week, the Trump administration rescinded the memo about freezing federal funds, and some local organizations say their ...

Like other government financial agencies, the Federal Reserve Banks have an Office of Minority and Women Inclusion focused on ...

Federal Reserve Chair Jerome H. Powell faces four challenges at once, all of them daunting.

On Wednesday, advocates in Metro Detroit rallied together at Patton Park in Detroit to emphasize the rights of local ...

Welcome to Investopedia's live blog of the Federal Reserve's January meeting. Here, we will bring you the latest news on the ...

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.

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 ...

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...