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 ...

The tariffs on Canada, Mexico and China that Trump announced would have a significant impact on the U.S. economy and ...

Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.

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.

The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second ...

Even as more bus routes, better service, and improved dialogue around transit highlighted 2024, divided government and ...

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 ...

Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair ...