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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 Dallas apartment complex that suffered damage from a crane collapse has been deemed "totally unusable," and residents will be refunded their security deposits and June rent.Two days after the tragic accident that left one woman, 29-year-old Kiersten Smith, dead, officials told residents they will be allowed back in to retrieve their belongings, but they will no longer be able to reoccupy their apartments.According to Dallas Fire-Rescue, apartment complex management will arrange for moving trucks to facilitate the move.Greystar, the apartment management company, is meeting with City of Dallas officials to determine the safest options to remove the personal belongings and vehicles of all the residents, according to a letter issued to residents Tuesday.No determination has been made regarding the removal of the crane from the property, according to DFR. Three people remain in the hospital.Sunday's tragedy marked the ninth crane accident death in North Texas since 2012, CNN affiliate KTVT reported. From 2011 to 2015, Texas had about four times more crane-related deaths than any other state.'It just sliced through the building'Abbey Kearney, who lived in the Dallas apartment complex, said the disaster happened quickly."It was like a sunny, beautiful day and people were at the pool," she said. "And then it just got dark very quickly, and the wind picked up something fierce. It got dark, and it was over in a matter of seconds."She saw three umbrellas shoot straight up into the air. All the pool furniture flew into the pool.Then she saw the crane plummet."It just sliced through the building ... like a hot knife through butter," Kearney said. "It went from the fifth floor to, from what I can tell, the third floor."Concrete floors of the parking garage ripped like paper. Rows of vehicles fell several stories below and lay heaped in a mangled mess."There were cars that were vertical," she said. 1932

The former prosecutor who handled the Central Park Five case led the Manhattan Sex Crimes Unit for over 25 years. New York City officials are calling for a thorough review of the cases she prosecuted, but the current Manhattan District Attorney is declining to do so.Manhattan District Attorney Cyrus Vance, in response to a letter from a city official, said he does not intend to reopen the thousands of cases handled by Linda Fairstein, the chief of his office's Sex Crimes Unit from 1976 and 2002. He also declined to dismiss Elizabeth Lederer, an attorney who was directly involved in prosecuting the 617

The House of Representatives is set to begin drafting articles of impeachment on Wednesday following two weeks full of testimony from an array of government officials, including those who conduct foreign affairs with Ukraine. On Wednesday, the House's Judiciary Committee will call upon four witnesses. These four witnesses are being brought in to provide an academic perspective on impeachment. Judiciary Chair Jerry Nadler, will call upon Pamela Karlan, a Stanford law professor; Noah Feldman a Harvard law professor; and Michael Gerhardt, a University of North Carolina law professor. Republicans have chosen Jonathan Turley, a law professor at George Washington University, to provide expert testimony. RELATED: 728

Tense protests over the death of George Floyd and other police killings of black men grew Saturday from New York to Tulsa to Los Angeles. Police cars were set ablaze in several cities, and officers used tear gas and rubber bullets to contain demonstrators as the country lurched toward another long night of unrest after months of coronavirus lockdowns.In Philadelphia, 382