Trump nominates Kevin Warsh as next Federal Reserve Board chair
President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
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President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.
President Trump's plans to ease the financial pressures on Americans are bold but could backfire, experts said.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
The Federal Reserve announced Wednesday to cut base interest rates by a quarter percentage point bringing 4.25%. It's the first cut we've seen in nine months and that could have an impact on consumer interest rates for credit card debt, car loans and mortgage rates. CBS News has this report.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Lisa Cook sued the Trump administration to block her firing, the first time a president has sought to remove a member of the seven-person board of governors.
The Federal Reserve's September meeting this week is taking place amid the Trump administration's push for the agency to lower interest rates.
President Trump has said he is firing Cook from her role over allegations she made false representations on mortgage agreements several years ago.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Headlines from the White House include the latest discussions on a new crime bill; President Trump's dispute with a Federal Reserve governor; and a letter submitted by some FEMA staff. CBS News has this report.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
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.
President Trump called on Fed Governor Lisa Cook to resign on Wednesday after one of his appointees accused her of mortgage fraud.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
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%
President Trump wants the Federal Reserve to cut interest rates. Here's what experts predict at the central bank's May 7 meeting.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
A 9-year-old Detroit girl was killed, and a 53-year-old woman injured, in the aftermath of Friday's crash at a traffic light.
A West Michigan man has been sentenced to 60 years in federal prison over sexual exploitation of children, authorities said.
Detroit police are seeking tips on a fatal hit-and-run crash earlier this month near Joy Road and Livernois Avenue.
The Detroit Lions will play one of their 2026 regular-season games in Munich, the NFL has announced.
Ford is recalling almost 413,000 Explorers from model years 2017 through 2019 due to a defect that could cause drivers to lose steering control, the U.S. auto safety regulator said
The Detroit Lions will play one of their 2026 regular-season games in Munich, the NFL has announced.
The vote came after a heated moment between protesters and counter-protesters.
A 9-year-old Detroit girl was killed, and a 53-year-old woman injured, in the aftermath of Friday's crash at a traffic light.
Thousands of customers in the area of 14 Mile Road and 15 Mile Road in Macomb County lost power early Tuesday.
A West Michigan man has been sentenced to 60 years in federal prison over sexual exploitation of children, authorities said.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
Some House Republicans have rebuked Mr. Trump on tariffs, war powers and the Epstein files, and defections could grow as the midterms approach.
The vote came after a heated moment between protesters and counter-protesters.
Victor Wembanyama had 21 points, 17 rebounds and six blocks, Devin Vassell scored 28 and the San Antonio Spurs beat the Detroit Pistons 114-103 in a potential NBA Finals preview.
Records from the Federal Election Commission show that Ambassador Bridge owner Matthew Moroun donated $1 million to MAGA Inc.
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
What started as food poisoning for a young boy in Clinton Township turned into years of organ failure.
Officials announced eligibility for mothers and babies in the city of Detroit.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
The Detroit Lions will play one of their 2026 regular-season games in Munich, the NFL has announced.
Victor Wembanyama had 21 points, 17 rebounds and six blocks, Devin Vassell scored 28 and the San Antonio Spurs beat the Detroit Pistons 114-103 in a potential NBA Finals preview.
WNBA player Kara Braxton, who won two championship titles with the Detroit Shock, has died.
The Milan Cortina Olympics ended Sunday with a closing ceremony inside the ancient Roman amphitheater, Verona Arena.
Through a sudden death overtime goal, the U.S. men's hockey team is golden over Canada.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Protestors clashed before the Romulus City Council meeting Monday over plans for ICE to lease a building. Trial continues in the murder case against Dale Warner in the death of his wife. Those headlines and other top stories are in our news brief.
President Trump is slated to present the State of the Union address Tuesday night. CBS News has this preview.
Officials at Detroit Public Schools Community District are investigating possible cases of theft and fraud within their perfect attendance program.
Michael Odom is among the Metro Detroiters stranded in Mexico, waiting for a flight out of an area where cartel-related violence erupted.
An attorney for a Detroit police officer says she did nothing wrong when contacting U.S. Customs and Border Protection during a traffic stop.