Page 27 - 110217

Groton Daily Independent
Thursday, Nov. 02, 2017 ~ Vol. 25 - No. 116 ~ 27 of 44
other indications it was intended to sow general divisions.
One ad promoted a Nov. 12 anti-Trump rally in New York City, titled “Not My President.” Large anti-Trump
rallies actually did take place around the country that day in major American cities. That doesn’t mean the Russian accounts planned the events, but rather that they were piggybacking on existing protests and promoting them to like-minded people.
___
Associated Press writers Chad Day in Alexandria, Virginia, Ryan Nakashima in Menlo Park, California, Barbara Ortutay in New York and Matt O’Brien in Cambridge, Massachusetts contributed to this report.
Ex-Trump aides due back in court following indictment
WASHINGTON (AP) — The former campaign chairman for President Donald Trump is due back in court along with his business associate.
Paul Manafort, who led the campaign for several months last year, will appear Thursday afternoon in Washington’s federal court with co-defendant Rick Gates.
Special counsel Robert Mueller announced an indictment Monday that charges the men with money laundering and other nancial crimes.
They were placed on home con nement during an initial court appearance.
Prosecutors disclosed additional details about their wealth in a court ling Tuesday, saying Manafort has provided different accounts of his assets and that he has three different passports.
Besides Manafort and Gates, prosecutors have revealed a guilty plea from a campaign adviser named George Papadopoulos, who admitted lying to the FBI about foreign contacts during the campaign.
Financial world awaits Trump’s announcement on Fed choice By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON (AP) — After a search more public than any before in the Federal Reserve’s more than a century of history, President Donald Trump is prepared Thursday to name his choice to lead the Fed. All signs suggest that Trump’s pick is Jerome Powell, a member of the Fed’s board, to replace Janet Yellen when her term ends in February.
“I think you’ll be extremely impressed by this person,” Trump told reporters Wednesday.
An administration of cial, speaking on condition of anonymity, said this week that Powell was Trump’s leading choice. Trump had earlier indicated that his selection had come down to Powell, who has served on the Fed’s board since 2012, Yellen herself and John Taylor, a Stanford University economist.
If Trump does choose Powell, it would mean he had decided against offering a second term to Yellen, who has drawn widespread approval for her performance and is the rst woman to lead the Fed. Powell, 64, is seen as a safe pick, someone who supported the cautious approach to interest rate hikes that Yellen has pursued in her nearly four years as chair and who would likely deviate little from it himself.
In Powell, Trump also has the chance to strike a middle ground between sticking with Yellen, a Democrat whom President Barack Obama chose as Fed chair, and Taylor, who was critical of the Fed’s response to the 2008 nancial crisis and would have raised rates more aggressively than Yellen’s Fed has.
A lawyer by training, Powell amassed a fortune as an investment manager and would likely please Wall Street. He would also mark a turning of the page from Obama’s choice for the Fed post — something that holds appeal to Trump, who has made clear his desire to break sharply with the past administration.
In an interview last week, Trump alluded to his desire to put his own stamp on the Fed, saying of Yellen in an interview with the Fox Business Network: “You like to make your own mark, which is maybe one of the things she’s got a little bit against her, but I think she is terri c.”
A decision against nominating Yellen for a second four-year term would make her the rst Fed leader since the end of World War II not to be offered a second term after completing a rst. It would also break the pattern of the past three Fed chairs, who were rst nominated by the president of one party and then