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Emerson told investigators he “had consumed ‘magic mushrooms’ approximately 48 hours prior to the incident on the plane,” an affidavit filed by prosecutors states. Off-duty pilot Joseph D. Emerson was accused of trying to shut off a plane's engines mid-flight. “The officer and Emerson talked about the use of psychedelic mushrooms and Emerson said it was his first-time taking mushrooms,” the affidavit says. Authorities do not believe the incident was an act of terrorism or ideologically motivated violence, a law enforcement source familiar with the investigation told CNN. ‘It was very shocking,’ suspect’s neighbor saysEmerson’s neighbor, Ed Yee, told CNN it was “very shocking” to hear of the suspect’s alleged actions.
Persons: Joseph D, Emerson, , “ Emerson, ” Emerson, It’s, Matt Johnson, Johns Hopkins, Johnson, Derealization, Joseph Emerson, “ I’m, , Jenna Plank, Emerson “, LiveATC.net, , , Aubrey Gavello, ” Gavello, “ Laura Coates, Alex Wood, Wood, ” Wood, Ed Yee, ” Yee Organizations: CNN, Alaska Airlines, Sunday, US, Office, District of Oregon, Facebook, Portland police, Investigators, Everett , Washington , Alaska Airlines, Horizon, Embraer, Portland International Airport, FBI Locations: Washington, San Francisco, Oregon, Portland , Oregon, Port, Portland, Multnomah, Everett , Washington , Alaska
An off-duty Alaska Airlines pilot was arrested on suspicion of attempted murder after he allegedly tried to disable an aircraft’s engines while riding in the cockpit jump seat on a regional flight. Photo: Aubrey Gavello/Local News X/TMX via APFederal authorities suggested psychedelic mushrooms and depression may have played a role in an off-duty Alaska Airlines pilot’s alleged attempt to shut down an airplane’s engines midflight. The details came as federal prosecutors accused Joseph David Emerson on Tuesday of interfering with flight crew members and attendants on a flight last weekend, which eventually landed safely in Portland, Ore.
Persons: Aubrey Gavello, Alaska Airlines pilot’s, Joseph David Emerson Organizations: Alaska Airlines, AP Locations: Portland , Ore
In this article ALK Follow your favorite stocks CREATE FREE ACCOUNTAn Alaska Airlines jet departs John Wayne Airport in Santa Ana, CA on Monday, August 8, 2022. Medianews Group/orange County Register Via Getty Images | Medianews Group | Getty Images"I am not okay," an off-duty Alaska Airlines pilot said before allegedly reaching and grabbing handles that could have disabled the aircraft's engines, according to a federal complaint filed on Tuesday. The pilots told investigators that there was no indication of anything wrong early in the flight, according to court records. One of the flight's pilots told investigators that Emerson settled down after about 20 to 30 seconds and exited the cockpit. After leaving the cockpit, Emerson told a flight attendant, "You need to cuff me right now or it's going to be bad."
Persons: Joseph David Emerson, Emerson Organizations: Alaska Airlines, John Wayne Airport, Medianews, Getty, Alaska, Portland International Airport, Justice Department, Multnomah County Sheriff's, Pilots Locations: Santa Ana , CA, San Francisco, Portland, Pleasant Hill , California, Oregon, Multnomah County
An Alaska Airlines plane takes off from the airport in Calgary, Alberta, Canada July 10, 2023. Alaska Airlines (ALK.N) Flight 2059 was operated by Alaska Air Group's regional subsidiary Horizon Air, the carrier said. An FAA pilot database showed Emerson listed as a certified pilot who received a medical clearance last month. Aviators are expected to self-report any mental health conditions, two U.S. pilots told Reuters. The FAA told airlines in a separate notice on Monday the incident "is not connected in any way, shape or form to current world events" but said it is "always good practice to maintain vigilance."
Persons: Todd Korol, Joseph David Emerson, Emerson, Adam Silverthorne, David Shepardson, Allison Lampert, Steve Gorman, Chizu Nomiyama, Jonathan Oatis, Jamie Freed Organizations: Alaska Airlines, REUTERS, Federal Aviation Administration, FAA, Alaska Air Group's, Horizon Air, U.S, Reuters, Embraer, Aviators, The Air Line Pilots Association, NRI Flying Club, NRI, FBI, Thomson Locations: Alaska, Calgary , Alberta, Canada, Pacific Northwest, Portland , Oregon, Portland, Everett , Washington, San Francisco, Multnomah County, North America, California
What’s going to stop that?” said Jon Loffi, a longtime law enforcement officer who teaches aviation security at Oklahoma State University and wrote a paper on identifying insider threats. The Federal Aviation Administration says its approved medical examiners are trained to gauge a pilot's mental health. The Horizon close call could result in the re-examination of the practice of letting off-duty pilots or other airline employees sit in the cockpit jump seat. Security experts say it would be difficult if not impossible to stop every determined criminal or terrorist who targets aviation. The off-duty Alaska Airlines pilot who was arrested Sunday joined Horizon as a first officer or co-pilot in 2001.
Persons: We’re, , Jon Loffi, It's, Joseph David Emerson, Emerson, Jeffrey Price, , Ross Aimer, ” Price, ” Loffi, Loffi, Pete Buttigieg, Karen Yee, ” Allen Scott, ___ Claire Rush Organizations: Alaska Airlines, Oklahoma State University, FAA, FBI, Federal Aviation Administration, Metropolitan State University of Denver, Oklahoma State, FedEx, Pacific Southwest Airlines, Security, Transportation Security Administration, Sunday, Virgin America, Mercury, San Francisco Chronicle Locations: U.S, Oklahoma, French, California, Alaska, Multnomah County , Oregon, Portland, Pleasant Hill , California, San Francisco, Jose, Portland , Oregon
CNN —An off-duty pilot who was riding in the cockpit of an Alaska Airlines flight en route to San Francisco on Sunday is facing dozens of attempted murder charges after he tried to shut down the plane’s engines mid-flight, authorities say. “The fire suppression system consists of a T-handle for each engine; when pulled, a valve in the wing closes to shut off fuel to the engine,” Alaska Airlines said in a statement to CNN. The flight crew detained the suspect and the plane was diverted to Portland International Airport, the Port of Portland said in a statement. After Alaska Airlines acquired Virgin America in 2016, Emerson became a first officer with Alaska and worked about three more years to become a pilot for the airline, according to the airline statement. “Throughout his career, Emerson completed his mandated FAA medical certifications in accordance with regulatory requirements, and at no point were his certifications denied, suspended or revoked,” Alaska Airlines said in a statement.
Persons: Joseph D, Emerson, CNN’s Josh Campbell, Joseph Emerson, , Mike Karn, LiveATC.net, , Aubrey Gavello, ” Gavello, Laura Coates, Alex Wood, Wood, ” Wood, Gavello, “ I’m, Ed Yee, ” Yee Organizations: CNN, Alaska Airlines, Sunday, Port, Portland police, Horizon, Airlines, Embraer, American Airlines, Portland International Airport, FBI, Detention, Federal Aviation Administration, FAA, Hamas, Passengers, Alaska, Alaskan Airlines, Alaska Air Group, Virgin America, Airbus, Boeing, Canadair Regional Jet, Havilland Locations: San Francisco, Portland , Oregon, Portland, Oregon, Everett , Washington, Sunday, Port, Multnomah, Israel, Alaska
PORTLAND, Ore. (AP) — An off-duty pilot riding in the extra seat in the cockpit of a Horizon Air passenger jet tried to shut down the engines in midflight and had to be subdued by the crew, according to a pilot flying the plane. The San Francisco-bound flight on Sunday diverted to Portland, Oregon, where it was met by officers from the Port of Portland, who took Emerson into custody. Political Cartoons View All 1215 ImagesOne of the pilots told air traffic controllers that the man who posed the threat had been removed from the cockpit. “We’ve got the guy that tried to shut the engines down out of the cockpit. Sunday's incident occurred on a 76-seat Horizon Air Embraer 175 that left Everett, Washington, at 5:23 p.m. local time and landed in Portland an hour later.
Persons: Joseph David Emerson, Emerson, We’ve, , wasn’t, ___ Koenig, It's LiveATC.net Organizations: Horizon Air, Multnomah County Sheriff’s Office, Alaska Airlines, FBI, Federal Aviation Administration, FAA, Authorities, Air, Sound, Horizon Air Embraer Locations: PORTLAND, midflight, Oregon, Multnomah County, San Francisco, Portland , Oregon, Port of Portland, Seattle, Alaska, Portland, Everett, Washington, Dallas
Can Police Officers Smoke Pot? Jersey City Says No
  + stars: | 2023-10-17 | by ( Joseph De Avila | ) www.wsj.com   time to read: 1 min
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Supporters of Lebanon's Hezbollah party parade to mark the last day of Ashura ceremony in Beirut. Aziz TaherAn exchange of fire between Lebanese militant group Hezbollah and the armed forces in northern Israel signal that the conflict in Gaza could spread regionally. Political party and paramilitary groupHezbollah operates as both a political party and paramilitary group and is designated by the U.S. as a terrorist organization. It holds a great deal of power in Lebanon in the form of its Shiite political party, which holds 62 seats in the country's Parliament, alongside its Iran-backed proxy militant unit. Hezbollah "do have to take into consideration public opinion in Lebanon," Maksad told CNBC.
Persons: Aziz Taher, Joseph Daher, Daher, Benjamin, Israel, Hezbollah's, Naim Qassem, Bashar Assad, Maksad Organizations: Hezbollah, Middle East Institute, CNBC, U.S, Party of God, Iran's Revolutionary Guard, doesn't, Lebanon's Party of God, Hilal, American University of Beirut, Reuters, United Nations Locations: Beirut, Israel, Gaza, Iran, Lebanon, country's, Israel's, Iraq, Yemen, Lebanese, Syria
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WASHINGTON — A former U.S. Army sergeant was arrested on Friday for allegedly attempting to provide classified national security information to China, the Department of Justice said. Schmidt allegedly initiated efforts to provide Chinese intelligence with U.S. defense information after separating from the military in January 2020, the department said. He was part of the 109th Military Intelligence Battalion, where he had access to information classified "Secret" and "Top Secret," the DOJ said. He also is accused of reaching out to both the Chinese Consulate in Turkey and the Chinese security services via email to offer the information. "Individuals entrusted with national defense information have a continuing duty to protect that information beyond their government service and certainly beyond our borders," said Matthew Olsen, assistant Attorney General for National Security, in a statement.
Persons: WASHINGTON —, Joseph Daniel Schmidt, Schmidt, Schmidt's, Matthew Olsen, Tessa Gorman, Gorman Organizations: Defense, Pentagon, Washington D.C, U.S . Army, Department of Justice, DOJ, Joint, Lewis, McChord, 109th Military Intelligence Battalion, Consulate, National Security, Attorney, Western, of, of Defense Locations: Washington, United States, China, San Francisco, Hong Kong, Seattle, U.S, Turkey, of Washington
CNN —A former US Army sergeant who allegedly lived in China for several years was arrested Friday on charges of keeping national defense information and attempting to share it with the Chinese government. If convicted, the two charges Schmidt faces – attempting to deliver national defense information and retention of national defense information – each carry up to 10 years in prison. While in China, Schmidt allegedly created other documents detailing US Army intelligence practices over training, intelligence collection, interrogations methods as well as a hand-drawn diagram of an Army computer network. The former Army sergeant allegedly contacted Chinese companies run by the government there to advertise his services and access to sensitive material. The arrest comes after several members of the US armed forces have been charged this year with retaining or sharing military information with others, including China.
Persons: CNN —, Joseph Daniel Schmidt, , Schmidt, , , hadn’t Organizations: CNN, US Army, Human Intelligence, Justice Department, , Government, Army, US, National Locations: China, California, Beijing, Turkey, San Francisco, Japan
U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - U.S. authorities have arrested a former U.S. army sergeant and charged him for attempting to pass national defense information to China, the Justice Department said on Friday. Joseph Daniel Schmidt, whose last duty post was Joint Base Lewis-McChord in Washington state, was charged with federal felonies for attempting to deliver national defense information and retention of national defense information, the Justice Department said in a statement. Reporting by Ismail Shakil in Ottawa; editing by Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Joseph Daniel Schmidt, Ismail Shakil, Susan Heavey Organizations: REUTERS, Justice, Lewis, McChord, Justice Department, Thomson Locations: U.S, China, Washington, Ottawa
Dancing horses, playful polar bears and a kangaroo playing air guitar are among the finalists for this year’s Comedy Wildlife Photo Awards, an annual competition for professional and amateur photographers that captures the humorous side of the animal kingdom. Danny Sullivan/Comedy Wildlife 2023
Persons: Danny Sullivan
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/suspect-in-killing-of-baltimore-tech-ceo-pava-lapere-is-arrested-18c40ff6
Persons: Dow Jones, 18c40ff6 Locations: baltimore
Sarah Leslie/Handout via REUTERS/File Photo Acquire Licensing RightsSept 27 (Reuters) - Private Travis King, the U.S. soldier who ran into North Korea in July, is in U.S. custody after North Korea expelled him into China, U.S. officials said on Wednesday, following rare diplomatic cooperation between the U.S., North Korea and China. A U.S. military spokesman later said an investigation indicated that White crossed into North Korea of his own free will. In a video released by the North, White denounced the United States and praised North Korea and its then leader Kim Il-Sung. - Charles Robert Jenkins walked into North Korea when on patrol on the DMZ in 1965. - James Joseph Dresnok was a 21-year old U.S. army private stationed in South Korea in 1962 when he fled to the North.
Persons: Travis T, Sarah Leslie, Handout, Travis King, Joseph T, White, Kim Il, Charles Robert Jenkins, Jenkins, Hitomi Soga, Soga, James Joseph Dresnok, Dresnok, Jerry Wayne Parrish, Larry Allen Abshier, Kim Jong, Dresnok's, Josh Smith, David Brunnstrom, Phil Stewart, Chizu Organizations: Security Area, REUTERS, U.S, North, Korea Times, United Nations Command, Washington Post, Thomson Locations: Panmunjom, South Korea, U.S, North Korea, China, China . U.S, Pyongyang, United States, Vietnam, Japan, Korean
(Reuters) - Private Travis King, the U.S. soldier who ran into North Korea in July, is in U.S. custody after North Korea expelled him into China, U.S. officials said on Wednesday, following rare diplomatic cooperation between the U.S., North Korea and China. A U.S. military spokesman later said an investigation indicated that White crossed into North Korea of his own free will. In a video released by the North, White denounced the United States and praised North Korea and its then leader Kim Il-Sung. - Charles Robert Jenkins walked into North Korea when on patrol on the DMZ in 1965. - James Joseph Dresnok was a 21-year old U.S. army private stationed in South Korea in 1962 when he fled to the North.
Persons: Travis King, Joseph T, White, Kim Il, Charles Robert Jenkins, Jenkins, Hitomi Soga, Soga, James Joseph Dresnok, Dresnok, Jerry Wayne Parrish, Larry Allen Abshier, Kim Jong, Dresnok's, Josh Smith, David Brunnstrom, Phil Stewart, Chizu Nomiyama Organizations: Reuters, U.S, North, Korea Times, United Nations Command, Washington Post Locations: U.S, North Korea, China, China . U.S, South Korea, Pyongyang, United States, Vietnam, Japan, Korean
Julianne Moore’s Montauk Sanctuary
  + stars: | 2023-09-21 | by ( Nick Haramis | ) www.nytimes.com   time to read: +34 min
— HANYA YANAGIHARASpeak Softly In a wild meadow by the sea, Julianne Moore and Bart Freundlich’s Montauk house uses just a few materials to say many things. In Moore’s office, a Pierre Jeanneret desk and chair, an Alvar Aalto stool and a Willy Van Der Meeren cabinet. In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.
Persons: it’s, Mishan, there’s, , Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Alvar Aalto, Willy Van Der, Ori Gersht, she’s, ” It’s, , , Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Isamu Noguchi, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Mario Bellini, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, It’s, ‘ You’re, ’ ”, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, Lorna Simpson, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Cy Twombly’s, Ho, Huma Bhabha, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, , Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham Organizations: Manhattan’s, Yorkers, that’s, Hamptons, WHO, Writers Guild of America, SAG, , Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, N.Y, Summerhill, Long, Fort Pond, New York City, Pond, North Carolina, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, , California, Swiss, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago
PORTLAND, Ore. (AP) — The Biden administration has pledged over $200 million toward reintroducing salmon in the Upper Columbia River Basin in an agreement with tribes that includes a stay on litigation for 20 years. The Confederated Tribes of the Colville Reservation, the Coeur d’Alene Tribe and Spokane Tribe of Indians signed the deal with federal officials on Thursday, The Seattle Times reported. Salmon runs in the Upper Columbia had been abundant for thousands of years and were a mainstay of tribal cultures and trade. Political Cartoons View All 1173 ImagesThe Upper Columbia United Tribes, which includes tribes in Washington and Idaho, have been working on the reintroduction plan. “Taking this next step in studying salmon reintroduction above these blocked areas is the right thing to do and lays the foundation for the possibility of sustainable salmon runs in the upper Columbia River Basin,” executive director Kurt Miller said in a statement.
Persons: , Biden, Joseph, Salmon, ” Jarred, Michael Erickson, Kurt Miller Organizations: Seattle Times, Bonneville Power Administration, Columbia United Tribes, , White, Council, Environmental, U.S . Bureau of Reclamation, Columbia Locations: PORTLAND, Columbia, Colville, d’Alene Tribe, Spokane, Washington, Upper Columbia, Washington and Idaho, Kettle Falls, Confederated
Inside the Elaborate, Enviable Design of Three New York Homes
  + stars: | 2023-09-21 | by ( ) www.nytimes.com   time to read: +34 min
If You Can Make It Here Great design for a great city (New York, of course — where else?) In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. “She was eccentric, grand, but not afraid of making weird decisions about design.” In the living room, a 1975 Leonid Berman painting of the Venice Lagoon hangs between the French doors. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.
Persons: it’s, Mishan, there’s, , Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, , Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, , Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, It’s, Lorna Simpson, Mario Bellini, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Alvar Aalto, Cy Twombly’s, Ho, Huma Bhabha, Isamu Noguchi, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, , Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Willy Van Der, Ori Gersht, she’s, ” It’s, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, ‘ You’re, ’ ” Organizations: Manhattan’s, Yorkers, that’s, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain, Hamptons, WHO, Writers Guild of America, SAG, Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, N.Y, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago, North Carolina, California, Summerhill, Long, Fort Pond, New York City, Pond, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, , Swiss
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The new projections and the Fed's latest policy statement will be released at 2 p.m. EDT (1800 GMT). Fed Chair Jerome Powell is scheduled to hold a press conference half an hour later. With inflation slowing, that would allow interest rates to decline also. The last set of projections envisioned that the Fed's policy rate would fall by a percentage point in 2024, and by 1.2 percentage points in 2025 to end that year in the 3.25%-3.50% range. It hasn't happened so far, with economic growth through the first half of the year above the 1.8% rate that Fed officials view as the economy's non-inflationary trend, and continuing that way through the third quarter.
Persons: Matthew Luzzetti, Jerome Powell, Powell, Joseph Davis, Davis, Howard Schneider, Paul Simao Organizations: Federal Reserve, Deutsche Bank, Reuters Graphics Reuters, Commerce, Vanguard, Thomson Locations: WASHINGTON
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