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Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

By CHRISTOPHER RUGABER
Aug 23, 2025 4:13 pm - Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House's demands.For months, Powell has largely ignored President Donald Trump's constant hectoring that he reduce borrowing costs. Yet on Friday, in a highly-anticipated speech, Powell suggested that the Fed could take such a step as soon as its next meeting in September
Festival of the Arts in Glen Ellyn showcases variety of work

Aug 23, 2025 4:05 pm - The 56th annual Festival of the Arts returned to the shores of Lake Ellyn in Glen Ellyn, featuring at least 60 artists showing their work.
‘Everyone has fun’: Buffalo Grove pool season ends with cardboard boat regatta

By Brian Hill
Aug 23, 2025 3:53 pm - Willow Stream Pool’s season finished Saturday with Buffalo Grove Park District’s annual Cardboard Boat Regatta.
Man indicted in fatal shooting of daughter-in-law outside Schaumburg hotel

By Barbara Vitello
Aug 23, 2025 3:24 pm - A Cook County judge announced an indictment against a 76-year-old downstate man charged with fatally shooting his daughter-in-law outside a Schaumburg hotel.
Israeli strikes and gunfire kill 33 as Gaza City becomes focus of famine and a military offensive

By MARIAM DAGGA and SAMY MAGDY
Aug 23, 2025 2:59 pm - Israeli strikes and gunfire killed at least 33 Palestinians in Gaza on Saturday, including people sheltering in tents or seeking scarce food, local hospitals said as a famine in Gaza’s largest city puts new pressure on Israel over its 22-month offensive.
Texas redistricting fight shakes up battle lines for both parties in key US Senate race

By ADRIANA GOMEZ LICON, LEKAN OYEKANMI and THOMAS BEAUMONT
Aug 23, 2025 2:50 pm - Just as Democratic U.S. Senate candidate Colin Allred was holding a town hall near the Mexican border as part of an “unrig Texas” campaign tour, the state’s Democratic fundraising powerhouse Beto O’Rourke rallied support in Austin for lawmakers who left the state to delay a redistricting plan led by President Donald Trump. The next morning, one of those wayward lawmakers, James Talarico, stood in the pulpit at former President Barack Obama’s old church in Chicago to say he and his fellow legislators had simply taken a leap of faith.
Boy arrested after stolen auto strikes tree in West Dundee

By Russell Lissau
Aug 23, 2025 2:12 pm - A boy driving a stolen SUV was arrested Saturday morning in West Dundee after striking a tree and then trying to flee, police announced.
Colbert not set for new show with Democratic representative

By Bob Oswald
Aug 23, 2025 2:02 pm - In this week’s Facts Matter column, Bob Oswald examines claims that “The Late Show” host Stephen Colbert is teaming up with Jasmine Crockett for a new show, and other fake news.
Kilauea’s eruption is back as the Hawaii volcano shoots lava for the 31st time since December

By AUDREY McAVOY
Aug 23, 2025 1:45 pm - Hawaii's Kilauea volcano resumed erupting Friday by shooting an arc of lava 100 feet into the air and across a section of its summit crater floor. It was Kilauea's 31st display of molten rock since December, an appropriately high frequency for one of the world's most active volcanoes.
Proposed downtown St. Charles townhouses could go for $1.9M each, developer says

By David Petesch
Aug 23, 2025 1:42 pm - A proposed housing development in downtown St. Charles moved closer to approval this month after a positive recommendation from the city’s plan commission.

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