ECDA Statement on Main St. Fire Investigation

STATEMENT FROM ERIE COUNTY DISTRICT ATTORNEY JOHN J. FLYNN ON MAIN STREET FATAL FIRE INVESTIGATION

Earlier this week, the Buffalo Fire Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) announced the completion of their on-site investigation into the fire that occurred earlier this month at 745 Main Street, which resulted in the tragic death of Buffalo firefighter Jason Arno.

While some of the results of the multi-agency investigation have been turned over to our office, we are waiting for a final report from the ATF. We have been advised that the report will be completed within the next two months. As we await the final report, our office is currently reviewing other materials and evidence to determine if there was any criminal conduct related to the fire.

The family and friends of Jason Arno as well as his fellow Buffalo firefighters and first responders remain in my thoughts and prayers as they continue to grieve during this difficult time.”

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President Donald Trump backed off a threat he has escalated for weeks on Tuesday, telling reporters he doesn't have any plans to fire Federal Reserve Chairman Jerome Powell, according to the Wall Street Journal.

When reporters in the Oval Office asked Trump whether he plans to do so, he replied, “None whatsoever."

"Never did. The press runs away with things. No, I have no intention of firing him," Trump insisted.

The reply was a marked break from the recent past in which Trump proclaimed that Powell's "termination cannot come soon enough" and that he was a "major loser" who is "Mr. Too Late" when it comes to reducing interest rates — even accusing Powell, with no evidence or examples, of manipulating interest rates in 2024 to hurt his presidential campaign.

Trump was the president who initially appointed Powell to lead the Federal Reserve in the first place. However, he has grown enraged at Powell after the central bank head said Trump's tariffs risked price increases and could prevent the Federal Reserve from cutting interest rates as soon as Trump would wish.

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Rate cuts generally result in increased borrowing and spending and energize the economy, but can also worsen inflation during periods when prices are rising quickly. In those situations, the Fed generally raises rates, and reduces borrowing and spending, to try to force price stability, which tends to come at a cost of higher unemployment and slower growth.

Complicating any potential move to fire Powell would be the fact that no president has ever removed a Fed chair before the end of their term, and current law doesn't actually provide a legal mechanism to do so, as part of ensuring the central bank maintains its independence from politicians who might seek to manipulate rates for election season.

The Wall Street Journal's own editorial board has condemned Trump's previous threats against Powell, warning that if Trump even tried to remove him, it could send the stock market into chaos.

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