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The Fed’s latest projections are by no means fixed in time. The policymakers frequently revise their plans for rate cuts — or hikes — depending on how economic growth and inflation evolve over time.
The measure would stiffen penalties for lobbyists who contribute to mayoral campaigns in defiance of a 2011 executive order signed by then-Mayor Rahm Emanuel. In other action, after vigorous debate, the Council approved a "quiet zone" around a West Loop abortion clinic.
Mayor Brandon Johnson got the go-ahead to issue up to $3 billion in bonds to bankroll the next phase of the O’Hare makeover and nearly $160 million in bonds to build housing units inside two La Salle Street office buildings.
Patchin will succeed Jim Garrett, who will retire after serving as president and CEO of the bureau since 1996.