Fed’s Powell says new lending programs to launch by June 1

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the Fed’s lending programs for medium-sized businesses and state and local governments would begin operating by the end of this month. Powell said that while the Fed has received a “good deal of interest” in those programs, if not enough companies or state and […]

Conroe Mayor Toby Powell’s heroic lawsuit against Appraisal District Chief Belinoski, Tax Assessor-Collector McRae suffers serious legal challenges

Conroe Mayor Toby Powell’s heroic lawsuit against Appraisal District Chief Belinoski, Tax Assessor-Collector McRae suffers serious legal challenges

Image: Toby Powell (left), shown with his wife, clearly stands more valiantly for the citizens of Montgomery County than anyone. Unfortunately, his lawsuit against Montgomery Central Appraisal District Chief Appraiser Tony Belinoski and Tax Assessor-Collector Tammy McRae will face serious legal challenges. The Golden Hammer Staff Reports Conroe, May 18 – This past Friday afternoon, […]

Asian stocks follow Wall Street lower before US Fed release

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell Tuesday after another slide in bond yields […]

Fed cuts key rate for first time in more than a decade

WASHINGTON (AP) — The Federal Reserve Board of Governors cut its key interest rate Wednesday for the first time in a decade. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for. During a news conference, Chairman Jerome Powell struggled to find just the […]

Asian markets mostly edge higher ahead of Fed meeting

SINGAPORE (AP) — Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks. The Kospi in South Korea gained 0.5% to 2,101.43, and Hong Kong’s Hang Seng picked up 0.9% to 27,471.19. The Shanghai Composite index jumped 0.2% to 2,892.53, while Australia’s S&P ASX 200 […]

Powell hints Fed will cut rates if needed over trade wars

WASHINGTON (AP) — Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration’s trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year. Powell’s remarks helped drive up stock prices, with […]

Texas mayors, along with TML lobbying organization, oppose spending, property tax relief for citizens

Conroe, March 7 – A group of twenty-four mayors, along with the entire Texas Municipal League (“TML”), the pro-government-spending and pro-taxation lobbying organization, have formally stated their opposition to the property tax reform legislation under consideration in the 86th Texas Legislature. Senate Bill 2 (S.B. 2) and House Bill 2 (H.B. 2) both would require […]

Montgomery County Commissioners Court terminates IT Director Shirley, places responsibility for IT Department under Noack

Montgomery County Commissioners Court terminates IT Director Shirley, places responsibility for IT Department under Noack

Image: Marshall Shirley, the Information Technology Department Director whom the Montgomery County Commissioners Court terminated on Tuesday, January 29, 2019, during an Executive Session. Conroe, January 30 – The Montgomery County Commissioners Court terminated Information Technology Director Marshall Shirley during a lengthy executive session at the end of the Commissioners Court meeting on Tuesday, January […]

Treasury secretary: Trump denied suggesting firing Fed chair

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO’-shin) says President Donald Trump has denied ever suggesting firing Federal Reserve Chairman Jerome Powell. Trump has been attacking the Fed — and Powell personally — for the central bank’s interest rate increases. Trump blames the independent agency’s hikes for recent stock market turmoil and signs of economic […]

Conroe Mayor Powell comes out swinging in opposition to Lone Star Groundwater Conservation District’s proposed adoption of “management plan” on September 11 less than two months before citizen vote to replace entire board; Ham charges LSGCD board with “bloviation”

Conroe Mayor Powell comes out swinging in opposition to Lone Star Groundwater Conservation District’s proposed adoption of “management plan” on September 11 less than two months before citizen vote to replace entire board; Ham charges LSGCD board with “bloviation”

Image: Conroe Mayor Toby Powell (right) stands with Mark Keough, the conservative State Representative, District 15, who is running as the Republican Nominee for Montgomery County Judge in the November 6, 2018, General Election, to bring reform to the County government. BREAKING NEWS! Conroe, September 8 – Conroe Mayor Toby Powell came out swinging in […]