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Last week, the Trump administration rescinded the memo about freezing federal funds, and some local organizations say their ...

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

Top US bank regulators will hold a virtual meeting on March 6 to solicit public feedback on how effective their regulations are for Wall Street firms, consumers and depositors.

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 ...

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 ...