Detroit Economic Club

President Donald Trump said that the U.S. is receiving massive volumes of crude oil from Venezuela following the “flawless” military operation earlier this month, which led to the capture of the country’s President, Nicolás Maduro. ’50 Million Barrels’ of Crude Oil On...

Federal Reserve Governor Adriana Kugler said on Tuesday that inflation “appears to be on a sustainable path” but indicated that challenges still persist, adding that monetary “policy is not on a preset course.” Speaking at the Detroit Economic Club, Kugler described recent...

Former president and 2024 Republican Party nominee Donald Trump commented on Thursday morning’s Consumer Price Index inflation data in an appearance at the Detroit Economic Club. Inflation came in "double" the expectations, Trump said, which is incorrect: the CPI for September came in at 2.4...

Lael Brainard, the former vice chair of the Federal Reserve and current director of the National Economic Council, spoke at a Detroit Economic Club event Monday and discussed the current economic climate and why inflation has remained sticky. While she acknowledged that inflation has fallen from...

Lael Brainard, the director of the National Economic Council, visited Detroit on Monday to discuss how the Biden administration's policies aim to protect the U.S. auto industry from China's growing influence in electric vehicles, focusing on tariffs and domestic investment in EV battery production....

United States Steel Corporation (NYSE:X) CEO David Burritt says he is confident that the company's potential merger with Japan's Nippon steal will go through, despite the Biden administration’s opposition to the deal. In a speech to the Detroit Economic Club Tuesday, Burritt said that the...

One day after an unexpectedly hot inflation report sparked a sell-off in stocks, Treasury Secretary Janet Yellen told a Detroit audience it's important to keep the long-term trend in sight.  January's headline inflation figure rose to 3.1% year-over-year and core inflation hit 3.9%. The Magnificent...

Before the market opened on Tuesday, the Bureau of Labor Statistics reported cooler-than-expected consumer price index inflation data for October, showing that inflation is slowing down. Every time in the past, the Fed driving inflation lower has been accompanied by a recession, Federal...

While Chicago Federal Reserve Bank President Charles Evans was wrong in assuming inflation would be transitory, he's optimistic about the strength of the economy, he said Monday in Detroit.  Certain goods, cars, furniture and energy prices are driving the Consumer Price...

Delta Air Lines, Inc. (NYSE: DAL) CEO Ed Bastian is expecting business travel to largely return.  "By the end of next year, I think we’ll be back to 80% to 90% of where we were before the pandemic," Bastian said in recent remarks to the Detroit Economic Club.  Delta...

The 2020 presidential race is a debate about what kind of a country Americans want in the future, and it’s the kind of debate that took place before the Civil War and again in the 1890s, Steve Forbes told the Detroit Economic Club on Monday. “We’ve had these debates before. We...

National Economic Council Director Larry Kudlow expressed confidence in the country's economic boom, took jabs at China's trade relationship with the U.S. and offered advice to the Motor City in remarks Thursday to the Detroit Economic Club.  Tax Cuts “It’s only a year into...

While trade disputes are a source of uncertainty, they're not yet making a substantial dent in economic figures, Federal Reserve Governor Lael Brainard said Wednesday.  The nugget came in remarks Brainard made to the Detroit Economic Club that touched on the Fed's benchmarks for...

Secretary of State Mike Pompeo has far more on his plate than abandoned Iran deals and tentative truces with North Korea. As Pompeo engages the international community, he’s stealing over-the-shoulder glances at the domestic economy.  “For us to achieve our foreign policy...

The American health care system is an unsustainable, half-century-old design that engages in price discrimination and has failed to employ technology to its potential to lower costs and expand access, Eli Lilly And Co (NYSE: LLY) CEO David Ricks told the Detroit Economic Club Thursday. The pharma...