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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 man who drove into a crowd of counterprotesters in Charlottesville's "Unite the Right" rally two years ago has pleaded for mercy and asked for a sentence less than life imprisonment in his federal hate crimes case.In a sentencing memorandum filed in federal court Friday, James A. Fields Jr. said the court should not give him a life sentence because of his young age, history of mental illness and childhood trauma, and to show that no one is defined by their worst moments."James did not come to Charlottesville with any plan to commit an act of violence. In the space of only a few minutes, caught in circumstances he did not intend to create, he acted in an aggressive and impulsive manner consistent with his mental health history and his age," the memo reads."In a matter of seconds he caused irreparable harm for which there is no excuse. But this Court can understand his actions, without excusing them, as symptomatic of transient immaturity, and not consider them to be predictive of who he might be in the future with time and medication."The memorandum notes that Fields' grandfather killed his grandmother and then himself, and that his father died in a car accident before Fields was born. His mother was in an accident that left her paraplegic before he was born and raised him as a single mother. The memo also says he has been taking medication since his imprisonment that has controlled his symptoms."No amount of punishment imposed on James can repair the damage he caused to dozens of innocent people. But this Court should find that retribution has limits," the memo states.The memo comes ahead of his sentencing in his federal case, in which he pleaded guilty to 29 hate crimes in order to avoid the death penalty.Fields was 20 when he attended the August 2017 demonstrations in Charlottesville, Virginia, and joined white nationalists, neo-Nazis and other groups opposed to the city's decision to remove a statue of Confederate Gen. Robert E. Lee. During a day of violent clashes in the city, Fields drove his vehicle into a crowd of counterprotesters, killing Heather Heyer, a 32-year-old paralegal.Fields was convicted in state court of first-degree murder and other charges, and the jury recommended a sentence of life in prison. He is due to be sentenced in that case on July 15, Commonwealth's Attorney Joseph Platania said in March. 2377

The death of George Floyd while in the custody of four Minneapolis police officers was “criminal,” the Major Cities Chiefs Association said in a statement on Monday. The association consists of dozens of chiefs of police from large American and Canadian cities. The letter was signed by dozens of chiefs of police throughout North America. “The death of George Floyd was, by any measure of professional policing unnecessary, avoidable and criminal,” the letter read. The chiefs released the letter on Monday as unrest over Floyd’s death and the treatment of African Americans by law enforcement has continued in recent days. The chiefs acknowledge now is the time to listen to communities of color who are concerned about the treatment of African Americans by law enforcement. One officer, Derek Chauvin, was charged with Floyd's death. Three other officers have not been charged, but are under investigation.Here is the letter in full:The death of George Floyd was, by any measure of professional policing unnecessary, avoidable and criminal. As leaders of the largest local law enforcement organizations in the United States and Canada, we must be honest about our history and ask ourselves tough questions before we are able to offer the right answers. A history dating back over two centuries that has included institutional racism and more recently, a history that during the civil rights movement over 50 years ago, included injustices and police brutality against African Americans who were fighting for equal rights and equal protections. We need to hear what America is telling us right now and we need to take bold and courageous action to change the narrative of our history as it relates to the disparate impact and outcomes that policing has had - and continues to have - on African Americans, people of color and the disenfranchised. We have had versions of this conversation before. Names echo to police and communities alike - Eric Garner, Walter Scott, Philando Castile, Jeremy Mardis and instances where African American men and women have unjustly lost their lives at the hands of police officers. Each of these cases raised different concerns, but collectively they add new and painful chapters to our history that compels all of us to take inventory and be held accountable. Accountability must continue to be the cornerstone of tangible and substantive change and ethical policing. We commend Minneapolis Police Chief Medaria Arradondo for taking decisive and necessary action by immediately firing the four officers. Understanding every chief’s administrative authorities are different and not everyone may be legally permitted to immediately terminate an officer’s employment, we expect every major city chief to take every action within their legal authority to hold officers accountable. The balance of labor and management is often out of calibration. Contracts and labor laws hamstring efforts to swiftly rid departments of problematic behavior and as law enforcement executives, we call for a review of those contracts and laws. It will take strong leadership from all of us as well as collaborative partnerships from leaders from all walks of life and all levels. Actions matter and so do words. Provocative statements create tension that lead to danger for police officers and the public. During challenging times, leaders need to reassure and calm, not instigate and stoke discord. Let us be the example for all leaders to follow. More than anything, this is a time for us to help facilitate healing, learning, listening and then dialogue, particularly in communities of color. Police departments, because of the nature of their work in a constantly changing democracy, have proven to be the most adaptive and agile agencies in municipal government. The Major Cities Chiefs Association will be a catalyst for these conversations, a resource for our members searching for best practices and a voice in the national discourse on race relations, policing and reform. 4007

TEHRAN, Iran – Online videos appear to show Iranian police and security forces firing tear gas and live ammunition to disperse demonstrators who protested the Islamic Republic's initial denial that it shot down a Ukrainian jetliner. The videos obtained Monday by The Associated Press show tear gas being fired on what appears to be a peaceful crowd, which then turns to run away. Gunfire can be heard in the background. Another clip shows a woman being carried away as a crowd shouts that she's been shot. The protests came after Iran belatedly acknowledged accidentally shooting down a passenger plane and killing scores of Iranians at a time of soaring tensions with the United States.It remains to be seen whether the plane tragedy will generate large, sustained demonstrations. Even if it does, Iran's Revolutionary Guard has decades of experience in crushing dissent. Iranians have risen up in several waves of protests since the 1979 Islamic Revolution, all of which have been crushed by security forces loyal to the theocratic government. Iran put down a student revolt in 1999 and quashed the so-called Green Movement that emerged a decade later, even after it brought millions to the streets. 1213

The City of Chicago announced it is taking actor Jussie Smollett to civil court in order to recoup 0,000 in investigation costs after the city's police department accused the actor of staging a hate crime, WGN-TV 228