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Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates

WASHINGTON (AP) — Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates.

Mother, 5-month-old die in New York Harbor after boat capsized; Captain arrested

▶ Watch Video: Mother, 5-month-old baby killed in New York boat capsize, captain arrested A woman and her 5-month-old baby died after a vessel carrying 14 people overturned in New York Harbor on Saturday night, according to police. The boat's captain has been arrested for reckless endangerment, and authorities are investigating whether the vessel was operating illegally as a charter, the U.S. Coast Guard said on Sunday.The New York Police Department said it was called to an overturned vessel near Liberty Island, home to the Statue of Liberty, at 10:55 p.m. on Saturday. The authority deployed a harbor unit, a scuba team and an aviation team to the scene, where 12 people had already been rescued from the water.A 27-year-old woman and a 5-month-old baby girl were located and taken to NYU Langone Hospital, where they were declared deceased on arrival, according to authorities. Law enforcement sources identified to CBS News the 27-year-old woman as Sara Sanchez and her baby as Antonella Garcia. Il Punto Ristorante, an Italian restaurant in Midtown Manhattan, said on social media that Sanchez and Garcia were the wife and daughter of one of their employees, Andres Garcia, who was also on the boat."What was meant to be a joyful family outing ended in unimaginable tragedy," the restaurant wrote on Instagram. A coworker told CBS New York that Andres Garcia and Sanchez also have a 6-year-old son, but it was not clear if he was also on the boat. Police said the family lived in College Point, Queens, and neighbors told CBS New York they had just moved there about two months ago.A Sea the City boat initially saw the capsized boat and people in the water and helped 11 people out of the water, according to the company's founder Adam Schwartz. The remaining survivors were taken to a local hospital and, according to police, had minor injuries."We are deeply saddened by the tragic loss of life last night, and our thoughts are with the victims' family and loved ones during this incredibly difficult time," Captain Doreen McCarthy, the Coast Guard Sector New York commander, said in a statement. "We are extremely grateful for the heroic, swift actions of our partner agencies and Good Samaritan vessel who assisted in rescuing survivors from the water."Police said they are investigating the cause of the deadly incident.The NYPD's deputy commissioner of public information confirmed to CBS News that Manuel Hernandez, 46, of New York, was arrested Sunday on 13 counts of reckless endangerment.An illegal charter is any passenger-for-hire vessel operation that lacks Coast Guard credentials, safety equipment and inspection certificates, the Coast Guard said.
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