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The Federal Reserve is warning that an escalating trade war would pose a big threat to the economy.But for now, it's sticking with its plan to raise interest rates — whether President Donald Trump likes it or not.In minutes of its most recent meeting, released Wednesday, central bankers warned that a "major escalation" of trade disputes could speed inflation and cause businesses to pull back on investment.Such an escalation could also reduce household spending and disrupt companies' supply chains, participants noted.Some business leaders reported that recent tariff increases have already begun to cause higher prices. Others have reduced or delay investment spending because of uncertainty about future trade policy.Still, some Federal Open Market Committee members noted that most businesses concerned about trade disputes hadn't cut back their spending or hiring, but "might do so if trade tensions were not resolved soon."In the meantime, the central bank is standing by its plan for higher rates as the economy strengthens, according to the minutes.The Fed is expected to raise rates twice more this year, starting in September.The Fed meeting, held July 31 and August 1, was the first after Trump began lashing out at Fed Chairman Jerome Powell for hiking rates. The president told CNBC in July that was "not thrilled" with the Fed's actions.He used similar language on Monday in an interview with Reuters, arguing the central bank should be doing more to help the economy."I should be given some help by the Fed," said the president, who himself appointed Powell to lead the central bank.Presidents have historically avoided commenting on Fed policies. The central bank is designed to be independent from political interference.The Fed's minutes made no mention of Trump's criticism as a factor in its decision-making.Since Trump took office, the Fed has raised rates five times, including twice this year under Powell. The Fed has been carefully and gradually raising rates over the past several years to keep inflation in check and prevent the economy from overheating.After two further rate hikes in 2018, it has penciled in three more rate hikes in 2019.Fed Chairman Jerome Powell told the "Marketplace" radio show in July that he was "deeply committed" to maintaining Fed independence."We do our work in a strictly nonpolitical way, based on detailed analysis, which we put on the record transparently, and we don't take political considerations into account," Powell said in the interview.Powell is expected to speak on Friday at an annual economic symposium in Jackson Hole, Wyoming. 2611

The five suspects accused of abusing 11 children at a New Mexico compound were training them to commit school shootings, prosecutors said Wednesday.If the defendants were to "be released from custody, there is a substantial likelihood defendants may commit new crimes due to their planning and preparation for future school shootings," according to the court filings.The complaints did not provide further details about the alleged training.Allegations against the suspects come in the wake of the discovery that 11 starving children had been living in a filthy compound in Amalia, New Mexico, that lacked electricity or plumbing.Authorities raided the compound on Friday as part of their search for Abdul-Ghani Wahhaj, a child with severe medical problems who was allegedly abducted from Georgia by his father, Siraj Wahhaj, about nine months ago.A boy's remains were found at the compound on Monday, police said, although it is not yet clear whether the remains are those of 4-year-old Abdul-Ghani.Five adults -- including Siraj Wahhaj, another man and three women who are thought to be the children's mothers -- each face 11 charges of child abuse related to the neglect and abuse of the children.None of the defendants has been formally charged. All five defendants appeared in court Wednesday afternoon in Taos. 1324

The chairman of the House Judiciary Committee subpoenaed the Justice Department on Thursday seeking documents related to a trio of recent controversial decisions made by the FBI, including the decision in 2016 to not charge Hillary Clinton after the probe of her email server and the internal recommendation by an FBI office to fire former FBI Deputy Director Andrew McCabe, his office announced.The move by Virginia Republican Bob Goodlatte represents a ratcheting up of his investigation, led jointly with the House Oversight Committee, into the decisions made by the Justice Department and the FBI before the 2016 election -- an investigation that has stoked mistrust of the law enforcement agency and drawn the ire of Democrats on Capitol Hill.In a letter to Deputy Attorney General Rosenstein accompanying the subpoena, Goodlatte wrote, "given the Department's ongoing delays in producing these documents, I am left with no choice but to issue the enclosed subpoena to compel production of these documents."Goodlatte had in recent weeks voiced his frustration at the Justice Department's refusal to comply with his past requests for the documents and hinted at the weighty legal maneuver.The two committees had requested 1.2 million pages of documents from the Justice Department, Goodlatte's office said. There are approximately 30,000 documents thought to be responsive to the committee's request, and agency staff are reviewing the remaining items to ensure they do not contain sensitive information or conflict with ongoing law enforcement actions, according to Justice Department spokesman Ian Prior.Prior said 3,000 documents have been delivered to the House Judiciary Committee so far.The subpoena issued Thursday covers documents related to "charging decisions in the investigation surrounding former Secretary Clinton's private email server in 2016," as well potential abuses of the Foreign Intelligence Surveillance Act and "all documents and communications relied upon by FBI's Office of Professional Responsibility in reaching its decision to recommend the dismissal of former Deputy Director McCabe."In a statement, Prior said, "The Department of Justice and the FBI take the Committee's inquiry seriously and are committed to accommodating its oversight request in a manner consistent with the Department's law enforcement and national security responsibilities."More than two dozen FBI staff have been assisting the Justice Department in producing documents on a rolling basis to the committee's "broad request," Prior said. 2552

The founder of the Women's March is calling for the movement's current co-chairs to step down for allowing bigotry into their mission.Teresa Shook, a lawyer and educator who founded the Women's March movement, accused the group's current co-chairs -- Bob Bland, Tamika Mallory, Linda Sarsour and Carmen Perez -- of associating with bigoted outside groups and tarnishing the Women's March's initial goals in a post on her Facebook page Monday.The co-chairs "have steered the Movement away from its true course. I have waited, hoping they would right the ship," Shook wrote. "But they have not. In opposition to our Unity Principles, they have allowed anti-Semitism, anti-LBGTQIA sentiment and hateful, racist rhetoric to become a part of the platform by their refusal to separate themselves from groups that espouse these racist, hateful beliefs.""I call for the current Co-Chairs to step down and to let others lead who can restore faith in the Movement and its original intent," Shook added. "I stand in Solidarity with all the Sister March Organizations, to bring the Movement back to its authentic purpose."The Women's March leaders swiftly shot back, crediting Shook for "creating a Facebook event named the Million Women's March" and lambasting her for not working to support the movement's ongoing growth."Today, Teresa Shook weighed in, irresponsibly, as have other organizations attempting in this moment to take advantage of our growing pains to try and fracture our network," the Women's March wrote in a post on its Facebook page. "Groups that have benefited from our work but refuse to organize in accordance with our Unity Principles clearly have no interest in building the world our principles envision. They have not done the work to mobilize women from diverse backgrounds across the nation.""Our ongoing work speaks for itself. That's our focus, not armchair critiques from those who want to take credit for our labor," the statement continued.The 2019 Women's March is slated for January, two years after the initial march that followed President Donald Trump's inauguration, and inspired countless sister marches nationwide.Shook's critique comes following longstanding criticism of the group's association with Louis Farrakhan, the leader of the black nationalist group Nation of Islam, who has made numerous anti-Semitic and homophobic comments.Mallory and Perez have both posted photos on Instagram of themselves with Farrakhan praising the National of Islam leader, and Sarsour spoke at the Justice or Else rally headlined by Farrakhan in 2015. Mallory, an African-American leader of the Women's March and anti-gun violence activist, attended a large event in February where Farrakhan stated that "the powerful Jews are my enemy."Mallory declined to denounce Farrakhan after the event. The Women's March released a statement emphasizing that Farrakhan's statements were "not aligned with the Women's March Unity Principles" and that "our external silence has been because we are holding these conversations and are trying to intentionally break the cycles that pit our communities against each other."Sarsour said that following the shooting at the Tree of Life synagogue in Pittsburgh, critics suddenly called on the Women's March to denounce Farrakhan."There was nothing new that happened between Women's March and the Minister," Sarsour wrote in an online essay. "Folks decided to rehash 8 months ago."MPower Change, a Muslim organization that Sarsour co-founded, helped raise over 0,000 to cover the funeral expenses for the Tree of Life victims"This is not a letter in defense of Minister Farrakhan," she added. "He can do that for himself. We have been CRYSTAL CLEAR in BOTH of our statements that we REJECT antisemitism and all forms of racism. We have been CLEAR that Minister Farrakhan has said hateful and hurtful things and that he does not align with our Unity Principles of the Women's March that were created by Women of Color."A week before the Tree of Life shooting, Farrakhan made public anti-Semitic remarks, saying, "I'm not an anti-Semite. I'm anti-Termite." 4113

The earthquake on the Indonesian island of Lombok killed 387 people, authorities said Saturday, increasing the death toll from the temblor seven days ago.An additional 13,688 were injured and 378,067 people displaced, according to Indonesia's National Disaster Management Agency.The Red Cross has said aid was struggling to reach the northern parts of the island due to debris from the quake and the ongoing risk of landslides."A lot of people are displaced, and many have migrated to the hilly and mountainous areas because of fear of a tsunami," Red Cross representative Husni Husni said.Relief agencies have warned the full impact of the earthquake may take days to become known. 690