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The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history.The move would come despite a strong US economy. But some cracks are beginning to show: The global economy is softening, American manufacturing is slowing, and the global trade war isn't helping matters.But a potential rate cut would also follow months of pressure from President Donald Trump, who has broken with his predecessors' practice of walling off the central bank from politics.Jerome Powell, the chairman of the world's most influential central bank, has repeatedly pledged to follow economic data, and policymakers have become increasingly worried that uncertainty, caused in part by the President's trade wars with China and other countries, will hamper global growth and dampen investment."We are carefully monitoring these developments and assessing their implications for the US economic outlook and inflation, and will act as appropriate to sustain the expansion," Powell reiterated in remarks delivered at a French government conference in Paris on July 16.Even before the central bank signaled the possibility last month, investors had already priced in a reduction in the federal funds rate, which influences the cost of mortgages, credits cards and other borrowing. Those expectations piled on additional pressure on the Fed to move at this week's meeting to avoid rattling markets with an abrupt change in course.The Fed chairman has brushed off such pressures -- political or otherwise -- arguing the Fed is "insulated" from such demands as an independent institution outside of the control of the White House and whose decisions are informed by incoming economic data.The Fed last raised rates in December but has backed off plans for further tightening.In June, Powell began to make the case that the Fed, like other central banks, around the world needed to act earlier to get ahead of any economic weakness especially given how low interest rates currently are -- a reversal from his previous stance."If you see weakness, it's better to come in earlier rather than later," Powell said at an appearance before the Council on Foreign Relations in New York. "I think most central banks would want to act preemptively and let a downturn gather steam, in a sense, the thought being an ounce of prevention is worth a pound of cure."That message has been echoed by other top officials, including Federal Reserve Bank President William Dudley.Efforts by the Fed to prevent an economic downturn is unlikely to win a reprieve from the White House. A day before policymakers were set to gather for their two-day interest-setting meeting in Washington this week, Trump chastised the Fed for making "all the wrong moves," adding, "a small rate cut is not enough."Trump has kept up a year-long relentless attacks against the Fed, often lamenting he regrets appointing Powell for the role, and going so far as to threaten to fire him. He's called the central bank his "biggest threat" and accused them of behaving like a "stubborn child" for refusing to cut rates and keeping credit too tight.It will be up to Powell during his now-routine press conference to justify the decision to plow ahead with a rate cut given some prevailing strength in the economy. Since their last meeting in June, the data has consistently surprised to the upside with stronger-than-expected job gains, retail sales and economic growth in the second quarter.Wall Street analysts also suggest Friday's upcoming jobs numbers will also be an important economic milestone that will determine whether a further rate hike may be coming as early as September as some anticipate."Expect an overall strong report, eroding the case for further cuts, but given the strong easing bias of Fed leaders, much depends on exactly how strong the report is and how they adjust their messaging in response," Josh Wright, iCIMS' chief economist and former Fed staffer said. "'One and done' still seems like an economically justifiable outcome." 4095

The COVID-19 pandemic has forced schools around the world to shift to online classes — including Berklee College of Music in Boston. Like many college students, Shelbie Rassler missed her friends from school. So, the senior composition major decided to find a way to bring her community together.According to 321

The Clawson school district released an official statement just moments ago. pic.twitter.com/JlRieyAa0y— Rudy Harper (@RudyHarperWXYZ) October 10, 2019 163

The FBI charged a former Google executive and one of the leading engineers in the self-driving car industry Tuesday with stealing trade secrets when he left the company to join Uber.Anthony Levandowski was charged with 33 counts of trying to steal proprietary information from Google.Levandowski first joined Google in 2007. By 2015, he was a high-ranking executive working on self-driving cars for the company.According to US attorney David L. Anderson, an indictment alleges that beginning in September 2015, Levandowski began moving company files from his work computer to his personal computer.In January 2016, Levandowski announced he was leaving Google to start his own self-driving cat company, Otto. That company was later acquired by Uber.In 2018, Levandowski settled a lawsuit with Waymo, Google's self-driving car division, that alleged he stole trade secrets from the company before he left.More on this as it develops. 943

The day started with R. Kelly’s attorney entering a not-guilty plea on all 10 counts of aggravated sexual abuse, and it ended in the Gold Coast, where Kelly visited a cigar Lounge after posting bail.Kelly walked free from the Cook County Jail with his attorney by his side after four days and three nights.The singer didn’t have the cash, so a friend posted the 0,000 bond. Don Russell says he’s been by Kelly’s side for more than 30 years.“He was hyper sexual, not because he chose to be but because of his sister, is what caused it. So right now he needs to sit down and talk to a psychiatrist. But as far as him being somebody that’s a predator, that’s not who he is,” Russell said.On the move from jail, Kelly’s first stop was dinner at the flagship McDonald’s in River North.Kelly waited in line, sat down for his meal, and even signed autographs for fans like Jessy Adams.“He said he was innocent, and that was it and that he really couldn’t speak to us,” Adams said. “Beyond excited when we heard he was getting released. We saw the van and we followed him.”From fast food to the finer things, Kelly’s fan then stopped in the Gold Coast at Biggs Mansion Cigar Lounge.But earlier in the day, Kelly’s future was fought in the courts.“Conduct that is illegal, criminal, and is indicative of someone who should never walk free another day in his life,” said attorney Michael Avenatti, who represents one of the alleged victims in Friday’s indictment. Avenatti says there is a third alleged sex tape of Kelly and an underage girl.Kelly appeared before the judge in an orange jumpsuit.“At this point in time I have no reason to believe that there is any tape of Mr. Kelly acting inappropriately in relation to any of these cases, or that he’s done anything else wrong,” Kelly’s attorney Steve Greenberg said.Kelly is due back in court March 22. 1860