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President Donald Trump's repeated public comments attacking the Justice Department have not influenced the department or ongoing investigations, Attorney General Jeff Sessions said Tuesday during a contentious House judiciary committee hearing.Sessions said although his Justice Department will consider investigations into Hillary Clinton, he could not say whether he would recuse himself from the matter, contradicting his previous statements on the matter. He said there was not yet enough evidence of impropriety to merit assigning a new special counsel. 566
President Trump nominated Federal Reserve Governor Jerome Powell on Thursday to lead the world's most influential central bank.A Fed governor since 2012 and former Treasury official under the George H.W. Bush administration, Powell will replace current Fed Chair Janet Yellen. Yellen was nominated in 2013 by President Obama. Her term as the central bank's first female leader expires in February.It will be the first time in four decades that a new president hasn't asked the current Fed chair to stay on for a second term.Powell was among five candidates considered for the job. Also on the president's short list: former Fed governor Kevin Warsh, Stanford University economist John Taylor, the president's top economic adviser, Gary Cohn and Yellen.Ahead of Trump's formal announcement Thursday, Cohn praised the president's choice. "I'm really supportive of the president's decision -- and it's a great decision," he said speaking before The Economic Club of Washington.Related: Fed leaves interest rates alone and waits for TrumpThe position of Fed chair requires Senate confirmation. Republicans currently hold the majority and would be able to confirm Powell without any Democratic support, if necessary.At 64, Powell has been Yellen's ally on monetary policy, while also calling for easing some of the regulations on banks put in place after the 2008 financial crisis.Unlike almost all of his predecessors in the position, Powell is not an economist by training. Instead, he was a lawyer and former partner at private-equity firm, Carlyle Group.Two immediate challenges face Powell once he is confirmed in the role: How quickly to raise interest rates and how to continue to safely unwind the Fed's hefty balance sheet.It's the job of central bankers to shift policy levers, nudging interest rates higher or lower, to boost jobs and keep prices, or inflation, at the optimal level.What's made their job trickier is that inflation is signaling the Fed should not increase rates. But economic growth and a low unemployment rate of 4.2% are saying it should.Related: Powell would be the first investment banker to chair the Fed Powell has been supportive of Yellen's plan to gradually raise interest rates, if there are continued signs of improvement in the economy."The economy is as close to our assigned goals as it has been for many years," said Powell in a June speech at the Economic Club of New York. "Risks to the forecast now seem more balanced than they have been for a some time."Powell will also have to oversee how the central bank continues to shed some of the .5 trillion in investments it made in order to prop up the economy after the financial crisis. The Fed began the process of unwinding almost a decade's worth of stimulus investments in September.For years, the central bank piled up purchases of Treasury and mortgage-backed securities, a strategy intended to stimulate the economy by reducing borrowing costs for everyone. At the time, it also reduced its benchmark interest rate to zero, and only began raising it in December 2015, seven years after the crisis.Related: Fed taps Jerome Powell to head oversight of 'too big to fail' banksPowell voted in favor of winding down the Fed's balance sheet. And like Yellen, he's left the door open for a new round of asset purchases in the event of another crisis.In April, the Fed tapped Powell to serve as the new point man overseeing how Wall Street banks are regulated after Daniel Tarullo, the central bank's regulatory czar stepped down. Tarullo held the position for the past eight years.In this role, the Fed governor has sided with the Trump administration on easing some of the regulatory burdens on banks. He's specifically suggested relaxing the so-called Volcker Rule, which bars banks from taking risky bets with taxpayer money.The-CNN-Wire 3838

RAMONA (KGTV) - Seven acres burned in a brush fire near downtown Ramona Saturday, according to CalFire. At 6 p.m. Cal Fire PIO Issac Sanchez said the fire was 20% contained.The fire burned near Montecito Road and North Ramona Street.Hundreds of neighbors were evacuated from the Ramona Mountain Valley Apartments, where the fire burned right up to their fence. Juliette Farey, a mother and resident at the complex said she was coming back from her son's birthday party and when she saw the smoke, she knew her home was at risk."We were scared for our lives," she said.Farey said the unruly gold bushes on the other side of the fence were out of control, and wished they would be better maintained to keep a fire from happening in the future.Sanchez said the fire started with a pile of debris in the riverbed then spread to nearby grass. Sixty-five fire fighters responded, working to protect neighbors, two planes and a helicopter also jumped into action to help. Farey believes homeless who live in the riverbed started the fire, saying the high rent is to blame. "They probably lit a fire in the river bottom to stay warm," she said.Other residents were terrified, saying they've never experienced a scare like this."There was just this wall of smoke. I grabbed our animals and my daughters," Angelina Rios said police banged on their door urging them to get out and that's when they saw the wall of smoke steps away.Her daughter Destiny Minjares described the fear gripping her and her neighbors, that turned to excitement as a helicopter soared just over their heads dropping water.Destiny said they got splashed and everyone cheered after the successful maneuver, a feeling that quickly faded as they saw the fire was still raging nearby.Firefighters got a handle on the fire around 6 p.m. The evacuations have been lifted. All road closures have been lifted as well. Firefighters are expected to be at the scene for several hours.This is a developing story. 10News will update as details become available. 2101
Rashida Tlaib will likely be the first Muslim woman elected to Congress after CNN has projected her to win the Democratic primary in Michigan's 13th District.Tlaib, who beat a crowded field of Democrats to win Tuesday's primary, will not face a Republican opponent in November's general election. She can still be opposed by a write-in candidate, but would be the overwhelming favorite in the deeply Democratic district."The winner of tonight's primary will win the election," Andy Goddeeris, Tlaib's campaign manager, said on Tuesday. "No doubt about it."Tlaib, the eldest daughter of Palestinian immigrants, was one of more than 90 American Muslims running for office this year. In 2008, she was the first Muslim woman ever to serve in Michigan's state legislature.The congressional seat had been held by former Rep. John Conyers before he resigned in December amid allegations of sexual harassment.Tlaib is also running against Detroit City Council President Brenda Jones in a primary for the special election in the district, and the winner will serve from November until the beginning of the next Congress. CNN has not yet called the results for that race. The general election primary Tlaib won is for the full two-year term that begins next January. 1264
President Donald Trump's lawyer Rudy Giuliani said Sunday that the June 2016 Trump Tower meeting between senior Trump campaign officials and Russians "was originally for the purpose of getting information about (Hillary) Clinton," but denied any collusion between Russia and the Trump campaign.The description of the meeting, which was held between the President's son Donald Trump Jr., son-in-law Jared Kushner, then-campaign chairman Paul Manafort and Russian lawyer Natalia Veselnitskaya, among others, starkly contrasts initial explanations that the meeting was about a Russian adoption policy."Well, because the meeting was originally for the purpose of getting information about, about Clinton," Giuliani said on NBC's "Meet the Press," later adding, "That was the original intention of the meeting. It turned out to be a meeting about another subject and it was not pursued at all. And, of course, any meeting with regards to getting information on your opponent is something any candidate's staff would take. If someone said, 'I have information about your opponent,' you would take that meeting." 1113
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