NYPD rolls out summer violence reduction plan day after unprecedented meeting with Mayor Adams

NEW YORK — The NYPD has started rolling out its summer violence reduction plan to address gun violence and other crimes that are surging. Starting Sunday, every borough will have at least one inspector working as a violence reduction coordinator who can quickly deploy cops and resources, CBS2’s Christina Fan reported. The Bronx has two. … Read more

Federal Reserve agrees to balance sheet reduction, $60B in Treasurys and $35B in mortgages

Federal Reserve agrees to balance sheet reduction, $60B in Treasurys and $35B in mortgages  CNBC Television Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate  CNBC Fed signals half-point interest rate hike ‘appropriate’ at future meetings  Fox Business Stocks fall, dollar strengthens after Fed minutes  Reuters Minutes Signal Fed to Shrink Balance … Read more

Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’

Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol Hill January 13, 2022 in Washington, DC. Drew Angerer | Getty Images Federal Reserve Governor Lael Brainard, who normally favors loose policy and low rates, … Read more