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President Donald Trump suggested during an interview on Wednesday that he will accept the presidential nomination of the Republican party in a live address from the White House later this month.During an interview on Fox News, Trump told anchors that his administration is still weighing its options, but that he's currently leaning toward an option that would have him deliver the speech "live from the White House lawn," calling it the "easiest and least expensive option."Trump also suggested Wednesday that the press would be allowed to attend parts of the convention that will be taking place in Charlotte. Last week, reports emerged that indicated that the administration was considering barring the press from the nomination vote.The Republican National Convention, currently slated to take place between Aug. 24 and Aug. 27, has been completely upended due to the COVID-19 pandemic.The convention was originally slated to take place in Charlotte, North Carolina. However, Trump announced earlier this year that he would move portions of the convention to Jacksonville, Florida because he felt North Carolina Gov. Roy Cooper, a Democrat, was too slow to lift COVID-19 related lockdown restrictions.After cases began spiking at record levels in July, Trump mostly canceled the Jacksonville portion of the event."I looked at my team and I said the timing for this event is not right. It's just not right with what's been happening," Trump said on July 23. 1468

Price gouging continues to be a problem for Amazon shoppers, according to the U.S Public Interest Research Group (PIRG).A consumer watchdog says the price spikes are not based on normal supply and demand.“People are really struggling right now, and the last thing that they need to worry about is going to the store or going online and finding the products that they really need to keep themselves safe at ridiculous prices,” said Grace Brombach, a consumer watchdog associate with U.S. PIRG.U.S. PIRG found a wide range of products can cost two to 14 times more. For example, disinfecting wipes cost nearly on amazon, compared to about at other stores.They suggest making sure you know the average price and shopping around.As part of the HEROES Act, Congress passed price gouging legislation.Some states have bills to further define emergency products to fight price spikes. Still, U.S. PIRG expects this problem to continue.“We see situations like this come up in hurricanes and tornadoes, when people need to buy space heaters and electric lamps,” said Brombach. “And so, this will continue to be a problem going into the future if we don't address this issue now.”Early on in the pandemic, Amazon removed thousands of listings and third party sellers from its website for suspected price gouging.In August, Amazon said it was working to maintain its “fair pricing policy” while taking reasonable increases into account. 1439

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

President Donald Trump's personal lawyer used his Trump Organization email account to communicate details of a payment transfer to adult film star Stormy Daniels, who allegedly had an affair with the President before his time in office, Daniels' attorney confirmed to CNN Friday.Michael Avenatti provided an email to CNN in which Cohen confirmed the transfer to Daniels' former attorney, Keith Davidson. In the email, both Cohen's personal email account and trumporg.com email account were used. The deposit was confirmed to Cohen by a First Republic Bank employee.  579

President Donald Trump will make two campaign stops in the upper Midwest Monday as he attempts to sway voters in crucial battleground states of Minnesota and Wisconsin.Trump's campaign stops will come the same day that Democrats will open their party convention — a convention originally scheduled to take place in nearby Milwaukee, Wisconsin, but which has since been rescheduled to take place virtually.According to the official White House schedule, Trump will first travel to Mankato, Minnesota and deliver remarks at North Star Aviation. He'll then fly to Oshkosh, Wisconsin, where he'll deliver a speech at the city's airport.Trump is expected to deliver a speech on "jobs and the economy" at both locations, according to the official White House schedule.The state of Wisconsin proved critical to Trump's victory in 2016, where he broke through the Democrats' "Blue Wall" in the Upper Midwest and edged out a close victory in the state. The state could again prove critical in 2020 election, and recent polls show presumptive Democratic nominee Joe Biden with a slight edge in the state.Former Secretary of State Hillary Clinton carried Minnesota during the 2016 election.Trump's comments come the same day that an ABC/Washington Post poll showed Biden leading nationally with 53% to 41% lead. 1308