ANGLETON, Texas (AP) — An ex-deputy told jurors Wednesday he failed to note in a report that more gunfire had taken place well after a drunken driver was fatally shot in Texas following an accident that killed two boys, a detail a defense attorney says helps point to the innocence of the boys' father who is on trial for murder.
By Jason Lange WASHINGTON (Reuters) - The Federal Reserve has been surprised by how quickly the U.S. Policymakers "generally agreed" improvements in the labor market over the last year had been "greater than expected," according to minutes of the central bank's July 29-30 meeting released on Wednesday. The Fed had said in its policy statement following the meeting that there was "significant" labor market slack, but the minutes showed many members of its policy-setting panel thought this characterization "might have to change before long." "Labor market conditions had moved noticeably closer to those viewed as normal in the longer run," the minutes said. Still, most policymakers felt any change in their view on when to start raising rates "would depend on further information on the trajectories of economic activity, the labor market and inflation." The minutes also showed Fed officials had largely agreed on many elements of a framework for eventually raising rates from near zero, with almost all of them agreeing it would be appropriate to retain the overnight federal funds rate as their key target.