A 46-year-old man was arrested for making threats of violence against the FBI.

Federal officials say Timothy Edmunds did just that and spent about $2 million in UAW funds on personal expenses.

A federal grand jury returned an indictment against 43-year-old Ylli Didani.

Inside a new court filing, Grosse Pointe Park CEO Marty Tibbitts was allegedly involved in an international drug trafficking ring prior to his death in 2018.

The change means the Fed is prepared to tolerate a higher level of inflation than it generally has in the past. Rather, Powell said, the economy has changed in a way that allows the Fed to keep rates much lower than it otherwise would without igniting price pressures. The renewed emphasis on low rates to support the economy comes at a perilous time. Economists said that while the policy changes had been expected, they amounted to a far-reaching shift. Right now, the Feds preferred inflation gauge is hovering at a sub-1% annual rate, well below its 2% target.

WASHINGTON Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring. As a result, he said, the Fed plans to keep interest rates pinned near zero well into the future. That observation was an acknowledgement that uncertainty about when the health crisis might be solved has complicated the Feds ability to set interest rate policy. Few investors expect the Fed to hike interest rates for years to come. Some Fed watchers expect no rate increase until 2024 at the earliest given the bleak outlook for the economy and expectations of continued ultra-low inflation.

And it says nearly all the Fed's policymakers foresee no rate hike through 2022. The Fed has cut its benchmark short-term rate to near zero. Fed officials estimate that the economy will shrink 6.5% this year, in line with other forecasts, before expanding 5% in 2021. It foresees sees the unemployment rate at 9.3%, near the peak of the last recession, by the end of this year. The Fed could specify how long its prepared to keep short-term rates near zero and how much bond buying it will do to hold down longer-term rates.