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Shelton, WA

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  • Local Officials Recognized For Professional Excellence

    TheresiaEhrichTheresia Ehrich, currently the Chief Administrative Deputy for the Mason County sheriff's Department and Cathy Beierle, Finance Director for the City of Shelton, two financial services professions, have earned the "Professional Officer Award" for the State of Washington from the Washington… Read More +

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  • Marysville School Shooting News Round-Up

    marysville shootingWITNESS REPORTS

    Students described a chaotic scene at Marysville Pilchuck High School as a gunman opened fire and panicked students ran for safety. Student Alan Perez told KING-TV he was eating his lunch near the gunman when he heard the shots,… Read More +

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  • No. 15 Arizona Beats Washington State 59-37

    cougsWSUAnu Solomon threw five touchdown passes and No. 15 Arizona beat Washington State 59-37 on Saturday in a game featuring the top offenses in the Pac-12. The freshman quarterback was 26 of 38 for 294 yards without an interception.

    Read More
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Federal Reserve to Announce Reduction in Stimulus Program?

b_250_0_16777215_00_images_obgrabber_2013-09_25ca8b007e.jpgMark Wilson/Getty Images(WASHINGTON) -- The Federal Reserve on Wednesday is expected to make its first move toward slowing the economic stimulus that's been flowing since the financial crisis started five years ago. Following the Great Recession, the Fed implemented a bond-buying program to help give a lift to the economy.  The move kept interest rates as low as possible.

"The Federal Reserve came out and started buying mortgage-backed securities so as to give some sort of help in the housing market," Joe Deaux, an economics analyst for TheStreet.com, explains.

But that may all change on Wednesday, when economists predict the Fed will announce a new money policy.

"I think you're going to finally see some sort of drawdown -- how much, it's difficult to say," Deaux says.

He adds, "There are a number of people, including [Federal Reserve] Chairman Ben Bernanke, who've said, you know, at some point we do need to draw down these purchases, and -- and I think even the more dovish people will tell you that eventually yes, the Fed does have to do that."

Copyright 2013 ABC News Radio

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Tweets

wspd2pio
wspd2pio - be closed shortly. WSP communications have received dozens of calls of down trees on SR 520. SR 202 and I-90.

1 hour ago

wspd2pio
wspd2pio - WSP has closed SR 520 floating bridge due to wind. Several driver's have abandoned their cars. Currently WB lanes are closed. EB will be...

1 hour ago

wsdot_tacoma
wsdot_tacoma - SR 161 at milepost 5.5 near Ohop Valley Rd. has reopened. All lanes cleared.

1 hour ago

wsdot_traffic
wsdot_traffic - ALERT: The State Patrol is in the process of closing the 520 bridge due to unsafe conditions. Use I-90 or other routes to cross.

Retweeted 1 hour ago

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