We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode Fed Rates Pause, USIP Loses Case, Israel Restarts Gaza Ground Invasion

Fed Rates Pause, USIP Loses Case, Israel Restarts Gaza Ground Invasion

2025/3/20
logo of podcast Up First

Up First
AI Chapters Transcript
Chapters
The Federal Reserve has decided to keep the interest rates steady even as President Trump calls for rate cuts due to the impact of tariffs on the economy. The Fed's position and its implications are discussed in light of the current economic uncertainty.
  • The Federal Reserve held interest rates steady despite rising inflation concerns.
  • President Trump has been pressuring the Fed to lower rates in response to tariffs.
  • The Fed is monitoring the economy closely but believes the underlying economy remains strong.
  • Investors reacted positively to the Fed's decision, with the Dow closing up significantly.
  • Fed Chair Jerome Powell emphasized maintaining the Fed's independence amidst political pressure.

Shownotes Transcript

The Federal Reserve holds interest rates steady despite rising inflation, while President Trump calls for rate cuts as tariffs take effect. A federal judge rules against blocking the government's takeover of the U.S. Institute of Peace, despite concerns over heavy-handed tactics. And, Israel launches a new ground offensive in Gaza after breaking the ceasefire with Hamas, resulting in hundreds of deaths and raising questions about hostages.*Want more comprehensive analysis of the most important news of the day, plus a little fun? *Subscribe to the Up First newsletter.)**Today's episode of Up First was edited by Rafael Nam, Gerry Holmes, Russell Lewis, Alice Woelfle and Mohamad ElBardicy.It was produced by Ziad Buchh, Destinee Adams and Christopher Thomas.We get engineering support from Tom Marchitto, and our technical director is Stacey Abbott.Learn more about sponsor message choices: podcastchoices.com/adchoices)NPR Privacy Policy)