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Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…

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by Chris Spiker
Police & Fire
Weston 20-Year-Old Accused Of Stealing Wallet From Westport YMCA, Using Credit Cards Weston 20-Year-Old Accused Of Stealing Wallet From Westport YMCA, Using Credit Cards
Weston 20-Year-Old Accused Of Stealing Wallet From Westport YMCA, Using Credit Cards A Fairfield County man was charged with larceny after allegedly stealing a wallet from a gym and using the credit cards inside. Massimo Zhong, 20, of Weston, was arrested on Monday, July 8, for the June incident at the Westport/Weston YMCA. According to Lt. Eric Woods of the Westport Police, officers started an investigation after the theft was reported, and they found that the credit cards were used in Norwalk shortly after being stolen. The investigating officer reviewed surveillance footage and identified Zhong entering the YMCA, entering the locker room, and leaving. Woods said he…

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by Kathy Reakes