With the U.S. economy facing headwinds, the Federal Reserve faces pressure to trim interest rates this week for the first ...

The Federal Reserve’s September meeting could be the most consequential of the year, from personnel to policy matters.

An appeals court has ruled that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts ...

For the 11th straight year, the city of Detroit is set to see a budget surplus. Mayor Mike Duggan announced Monday a projected $60 million surplus for fiscal year 2024-2025, which wrapped up in June.

The appeals court ruling does not settle the key issue of whether President Trump can remove Lisa Cook for what he considers just cause.

Detroit Mayor Mike Duggan delivered some good news about the city's finances. The city is projected to finish the fiscal year with a budget surplus.

U.S. District Judge Jia Cobb on Sept. 9 ruled that Cook could remain on the job as her case proceeded, saying that Trump’s attempt to oust her likely violated the law. The appeals court decision ...

The Senate voted to install one of President Trump’s top economic advisers at the central bank, opening the door for him to ...

The Senate confirmed Trump economic adviser Stephen Miran to the Federal Reserve to finish Adriana Kugler's term. Miran plans to return to his White House job afterward.

The vote is a notable achievement for the White House. In an unusual arrangement, Miran has said he would stay at his White House job on unpaid leave while working at the central bank.

Mayor Mike Duggan on Monday proposed the city appropriate its surplus to create a new $42-million reserve fund.

Duggan’s call for a new reserve fund comes as the three-term mayor is in his final four months in office and running for governor, and about six weeks before Detroiters will elect a new mayor: either ...