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  • Thurston County ARC Agreement Now Official

    arc signing1A formal signing of the ARC ‘Letter of Intent’ took place Friday at the Accountability and Resource Center (ARC) with Thurston County Commissioners and Sheriff John Snaza. The agreement clears the way for the Thurston jail to open.… Read More +

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  • Lawmakers Celebrate Hawks Ahead Of Super Bowl

    Hawkington2The Washington state Senate passed a resolution honoring the Seattle Seahawks as they prepare to play the New England Patriots in Super Bowl XLIX. The resolution was passed Friday, and many lawmakers on the floor were wearing Seahawks jerseys,… Read More +

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  1. Daybreak
  2. Legislative Linkup
  • Baker Signed To Minor-League Deal

    marinersSThe Seattle Mariners have signed catcher John Baker to a minor-league deal with an invite to spring training. The Mariners announced the signing Thursday after Baker's physical. He is expected to compete with Jesus Sucre for the backup job playing behind starter Mike Zunino.

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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

  1. Environment
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Tweets

helloross
helloross - Yes, I bought this @Seahawks balloon at the super market because I know what's up. #GOHAWKS instagram.com/p/ygQVaPRRe8/

Retweeted 3 hours ago

nfl
nfl - .@WWEDanielBryan took over the @Seahawks Twitter handle for a #12sQA. Yes. Yes! YES: at.nfl.com/sohdklG pic.twitter.com/h6y8kPWZRG

Retweeted 3 hours ago

SnoCoSheriff
SnoCoSheriff - East County swing shift crew shows their #12thman spirit on #BlueFriday #GoHawks pic.twitter.com/JQuPil6Qpq

3 hours ago

USCGPacificNW
USCGPacificNW - Love your #CoastGuard? Thank Bertholf & Kimball. Their idea 100 years ago brought us about → goo.gl/yeKX4B pic.twitter.com/MRrF1ev9zN

4 hours ago

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