According to the Poughkeepsie Journal, a cop was shot, the suspect is dead and three other cops are injured.
Routes 44 and 55 and Main Street are all largely inaccessible.
Update 3:59PM: The shooting was on lower Main Street, the PoJo reports. Main Street is closed, as is access to the train station. A press conference will begin at any minute at City Hall.
Update 4:05: No message about delays or closures on the Metro-North website. Wall Street Journal coverage here. The shooting happened at 1pm in a parking lot by the train station at 56 Main Street.
"The suspect was holding a 3-year-old child when confronted by police. The child was handed off to a witness and is now in the custody of police. A woman sitting in a car nearby during the incident was shot dead."
The entire ordeal unfolded in five minutes.
The train station is now open and trains are operating on schedule.