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Trump’s Marine One helicopter has trouble communicating with air traffic control for second time this month

President Trump’s helicopter had trouble communicating with air traffic controllers on Thursday, for the second time this month. As Marine One was about to take off in Washington, D.C., on Thursday afternoon, its calls to controllers went unheard, and another pilot had to intervene.  The incident happened about an hour after the National Transportation Safety…

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Fed’s Lisa Cook pushes back on Trump firing threat, says she “never committed mortgage fraud”

Washington — Federal Reserve Governor Lisa Cook defended herself against allegations from the Trump administration that she made misrepresentations on mortgage documents, arguing in a new letter that she has “never committed mortgage fraud.” In the letter to the White House dated Wednesday, Abbe Lowell, Cook’s lawyer, said that attempting to fire Cook on the…

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July PCE inflation index held at 3.7% annual pace, slightly hotter than expected

The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…

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