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Fed set to lower interest rates [Video]
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Fed set to lower interest rates [Video]

In its September meeting, the Federal Reserve is set to lower interest rates for the first time since the pandemic, claiming victory over its long-standing battle to bring record inflation down. The Central Bank began raising its benchmark interest rates in early 2022 and has since then seen inflation fall from more than 9% to about 2%.During that time, Americans continued spending and employers added jobs. As inflation comes into range, many employers are creating fewer new positions.Now, the Fed wants to make it easier to borrow money by lowering rates in order to avoid a recession. Economists say lowered rates come with benefits and drawbacks for consumers.”People who are buying a home will face lower mortgage rates. People who have car loans will face lower mortgage rates,” Louise Sheiner, an economist at The Brookings Institution, said. “On the flip side of that, people who have been getting really high rates of return on their savings will start getting lower rates of return on their savings.”The Fed will pay closer attention to the job market in the coming months to determine how quickly to drop rates. With interest rates now generally above 5%, the Fed is expected to cut rates by a quarter to half point.Still, it may take some time for consumers to feel the impact of the interest rate cuts. Many feel largely negative about the economy amid high prices and rate it among their top issues in the 2024 election. It is a main argument for former President Donald Trump against Vice President Kamala Harris.If elected, Trump says he will increase tariffs, which Sheiner says will raise costs for consumers. Meanwhile, Harris has proposed a variety of tax credits and anti-price gouging policies to offset higher prices.

Troopers to patrol schools in Springfield, Ohio, after threats linked to false claims about Haitian immigrants [Video]
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Troopers to patrol schools in Springfield, Ohio, after threats linked to false claims about Haitian immigrants [Video]

Ohio Gov. Mike DeWine is deploying the Ohio State Highway Patrol to monitor schools in the city of Springfield after they received 33 bomb threats since late last week, he said at a news conference Monday.Two colleges were moved to virtual learning and two elementary schools were evacuated Monday after receiving separate threats. The threats so far havent had any validity at all, DeWine said in a news conference Monday afternoon.The threats and closures come amid ongoing fallout from baseless allegations former President Donald Trump made during the second presidential debate that Haitian immigrants in the city are stealing and eating local pets.Students at Simon Kenton and Kenwood Elementary Schools were evacuated to an alternate district location Monday based on information district officials received from the citys police, the Springfield City School District said in a release.These are the fifth and sixth SCSD buildings to be targeted by recent threats within the last week, the district said.DeWine said 36 troopers from the state patrols mobile field force will be present at all 17 school buildings in the Springfield City School District starting Tuesday. The troopers will sweep all school buildings before classes start and will remain on campus to provide security throughout the day and after dismissal, he said.We have people, unfortunately, overseas who are taking these actions, DeWine said of those making the threats. Some of them are coming from one particular country. We think this is one more opportunity to mess with the United States, and theyre continuing to do that. So we cannot let the bad guys win.DeWine declined to name the specific country he said some of the threats were coming from, but said the FBI is assisting local law enforcement. When asked why DeWine didnt want to name the country, a spokesperson for his office said the governor does not want to provide encouragement to the bad actors who have engaged in these numerous threats.Elsewhere in the city, classes at Wittenberg University were held remotely Monday while campus police and local law enforcement assessed emailed threats of a bombing and a campus shooting that targeted members of the Haitian community, the university said in a statement. The university has received five separate threats since Saturday, and most have been resolved, school president Michael Frandsen told CNN Monday. Law enforcement agencies have increased patrols on campus, he said.Nearby Clark State College also announced its campuses will be closed this week and classes will be held virtually after the school also received similar threats through email. Officials at both schools said they were taking the measures out of an abundance of caution.We understand the anxiety that such incidents can cause and we are treating this matter with the utmost seriousness and care, Clark State said in a statement. We will always prioritize the safety and wellness of our students, employees and community. We appreciate your understanding during this challenging time.Springfield also announced Monday it will cancel its annual arts and cultural festival, scheduled to take place September 27 and 28, amid recent threats and safety concerns.Rob Rue, the citys mayor, told CNNs Dana Bash that he and other officials have personally received threats, adding it would be helpful if politicians understood the weight of their words and how they could harm a community like ours.Springfield police told CNN they received two 911 calls Saturday to report members of the Proud Boys the paramilitary group that stormed the US Capitol on January 6 marching through town.We had a couple calls of their presence in town, but when the officers went to the area, Lexington and South Burnett, they were no longer there, Sgt. Geovanny Mercado told CNN.Two area hospitals closed Thursday after receiving threats and the following day, two local elementary schools were evacuated based on information received from the Springfield Police Division.In an interview with CNN on Monday, DeWine flatly denied the false rumors about the citys Haitian immigrants and said business leaders feel Haitian immigrants are really essential to them getting the job done.These Haitians that are there are legal, they work very, very hard, the governor said.Approximately 12,000 to 15,000 immigrants live in Clark County, where Springfield is the county seat, the city notes on its website. It says Haitian immigrants are there legally as part of a parole program that allows citizens and lawful residents to apply to have their family members from Haiti come to the United States.Officials with the Clark County Sheriffs Office also debunked allegations that Haitians were stealing geese out of local parks last week, noting police have reviewed 11 months of 911 records and identified two instances of people reporting such incidents, but found no evidence to substantiate the claims.Vice presidential candidate JD Vance was among the first to elevate the baseless rumors about Haitians. CNNs Dana Bash asked the Ohio Republican to provide evidence supporting the allegations in an interview Sunday on State of the Union, and the senator cited multiple firsthand accounts he said he received from his constituents but provided no further evidence.He also bristled at the idea that repeating the baseless claims has led to a spike in threats in the city. There is nothing that I have said that has led to threats against these hospitals. The violence is disgusting, and we condemn it, Vance said.All that Ive done is surface the complaints of my constituents, people who are suffering because of Kamala Harris policies. Are we not allowed to talk about these problems because some psychopaths are threatening violence? he added.Vance later said, If I have to create stories so that the American media actually pays attention to the suffering of the American people, then thats what Im going to do.When Bash pressed him to clarify whether he was admitting the story was fabricated, Vance reiterated the claims came from his constituents.I didnt create 20,000 illegal migrants coming into Springfield thanks to Kamala Harris policies. Her policies did that, he said. But yes, we created the actual focus that allowed the American media to talk about this story and the suffering caused by Kamala Harris policies.Rue, the mayor, told CNNs Erin Burnett on Thursday that his city has experienced a 25% growth in population in the past three years, in part because of the influx of Haitian immigrants.Rue said hes working with local law enforcement to address an increase in reckless driving and asked the governor for additional funding over the next two years to improve the language services in the local health care system, but he denounced claims that immigrants were harming local pets and animals.I just want to clearly say, as a pet lover, your pets are safe in Springfield, Ohio, and its odd that I even have to tell the national media, yes, it is, if thats a fact, but it is a fact, Rue said.CNNs Paradise Afshar, Chris Boyette, Kit Maher and Taylor Romine contributed to this report.

Who pays for police resources? [Video]
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Who pays for police resources? [Video]

The Milwaukee Public Schools and the city of Milwaukee still are not seeing eye to eye on placing police officers in public schools. A state law passed last year allowing the city of Milwaukee to create a sales tax required 25 Milwaukee Police officers in MPS schools. But nine months later, that still hasn’t happened. A beating involving teens near Bradley Tech High School last week renewed calls for urgent action.On Friday Milwaukee Public Schools revealed its “ready to implement a school resource officer program,” only to have the city attorney hours later refute that.A statement from Evan Goyke read in part, “While we have made meaningful progress, there remain outstanding and unresolved issues…” MPS fired back late Friday, “MPS stands by its previous statement.”12 News is learning the issue could come down to who’s funding the officers. State Rep. Ryan Clancy (D-Milwaukee) says the law is so vague it’s unenforceable.It doesn’t invest in the things that would actually make our students safer, things like smaller class sizes, like mental health professionals in schools in a way that they’re not now, Clancy said Monday.The law states that MPS and the city of Milwaukee “shall agree to an apportionment of the costs of meeting the requirement.”In other words, it says they’re supposed to divide the cost, but doesn’t spell out how to split it up. Ultimately, this comes down to the state legislature, the Republicans at the state, really putting together half-baked legislation, Clancy said. It said that magically cops should appear back in MPS schools but didn’t provide a mechanism for it.Actually, I thought it was pretty clear that this is the school district’s responsibility to have SROs in their buildings, said state Sen. Van Wanggaard (R-Racine) Monday. Wanggaard, a former Racine police officer, worked in schools there. He says MPS knows they’re responsible for getting the SROs back in the classroom and paying for them. They knew this way before they started budgeting this last budget. And where are the SRO officers in their budget process? So, they’re telling the people that have their kids going to their schools that their safety is not important, Wanggaard said. MPS didnt wish to comment on Monday but said it stands by earlier statements that there is a framework in place.Neither side, though, had any information or agreement on where those officers were going, when theyd start, or who was paying for them.