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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
Jersey City Army Recruiter Defrauded Credit Union: Feds Jersey City Army Recruiter Defrauded Credit Union: Feds
Jersey City Army Recruiter Defrauded Credit Union: Feds A 33-year-old Jersey City army recruiter was charged in federal court in Newark on Wednesday, Sept. 11, with using her position to defraud a credit union by submitting fraudulent bank account applications on recruits' behalf, authorities said. From September 2023 to December 2023, Jane Crosby submitted “Pre-Active Duty Membership” bank account applications to a credit union on behalf of seven U.S. Army recruits or purported recruits, without their knowledge or consent., US Attorney Phillip Sellinger said. Such accounts are intended to facilitate the direct deposit of soon-to-be service…

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by Sam Barron
Police & Fire
Purse Snatchers At Large In Newark (PHOTO) Purse Snatchers At Large In Newark (PHOTO)
Purse Snatchers At Large In Newark (Photo) Police are looking for three people wanted for snatching a woman's purse at a restaurant in Newark on Saturday, Aug. 10.  At 2 p.m., a woman left her purse on the table after dining outside at Ferry Street Barbecue at 89 Ferry Street, Newark Public Safety Director Fritz Fragé said. The suspect were captured on surveillance video taking her purse, containing her personal belongings, including $150 and credit cards, authorities said. Anyone with information is asked to call 1-877-695-8477.

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by Sam Barron