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Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, when Jerome Powell's term expires in May. The president has been pushing the central bank to slash interest rates.
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The Justice Department has subpoenaed the Fed over Chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
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First, a deeper look at the meeting of the Federal Reserve Board of Governors taking place today. Also, more on the PBS children's television character created in Grand Rapids.
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The Fed lowered interest rates by a quarter percentage point Wednesday in an effort to cushion the sagging job market. The move comes as policymakers face growing pressure from President Trump.
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One analyst says Michigan and other parts of the county are turning from seller's to buyer's markets.Daren Blomquist with Attom Data Solutions says…
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U.S. stocks are slightly lower following some mixed economic news out of China.Traders are also looking ahead to a Federal Reserve meeting that begins…