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Jack Speier
Live from NPR News in Washington, I'm Jack Speier. President Trump, speaking at the White House today, said he has no intention of firing Federal Reserve Chairman Jerome Powell. It comes just days after Trump had said he could fire Powell if he wanted, despite the independence of the central bank and the lack of precedent. But even as he reversed course, he chastised the Fed chair for not cutting interest rates. It's a perfect time to lower the rate and would like to see our chairman be early or on time, as opposed to late. Powell has already said he has no intention of stepping down and intends to serve out his current term as Fed chair, which expires next year. Fed has been reluctant to trim rates further, fearing another rate cut could cause inflation to take off. In an escalation of the back and forth between Harvard University in the Trump administration, the school is suing the federal government and bureau. Shranaki Mather has more on what Harvard says is at stake.
Alan Garber
In his letter announcing the lawsuit, Harvard President Alan Garber warns, quote, the consequences of the government's overreach will be severe and long lasting. Garber goes on to detail the types of research it says the government has put in jeopardy, including studies focused on child cancer survivors, infectious disease outbreaks and treatments for wounded soldiers. The Trump administration says it's withholding funds from Harvard over an investigation into antisemitism on campus and accuses Harvard of failing to protect Jewish students. But Harvard's lawsuit questions how freezing research funds will further the administration's goals of eliminating antisemitism on campus. Janaki Mehta, NPR News.
Jack Speier
Federal judges blocked the Trump administration from dismantling the Voice of America and other government funded networks to deliver news overseas, at least temporarily. And Pierre Zalina Hartunian reports VOA offices.
Alina Hartunian
In Washington have been padlocked shut and its employees on paid leave since a March executive order from President Trump. The federal judge called the administration's decision to dismantle the agency arbitrary and capricious. He's directing the Trump administration to return VOA employees and contractors to their status before the president shut them down. Voice of America delivers information to countries around the world that lack a robust or free press. The court's preliminary injunction will remain in effect while the case plays out in court. Alina Hartunian, NPR News.
Jack Speier
Treasury Secretary Scott Bessant during remarks today, says he thinks the current trade showdown with China is unsustainable. Because of that, he expects a de escalation in the fight between the world's two largest economies. However, in a speech for the banking giant JPMorgan Chase, Bennett also noted talks between the US and China have not formally begun. After President Trump's move to impose a 145% tariff on Chinese imports and China's counter of a 125% tax on US import stocks jumped in a widespread rally today. The Dow was up more than 1,000 points. The NASDAQ closed up 429 points. This is NPR. The Food and Drug Administration's inspectors who examined factories around the world were spared from federal layoffs this month. But NPR's Sidney Lupkin reports. Staffers supporting the inspectors will let go.
Sidney Lupkin
FDA staffers responsible for handling travel arrangements for FDA inspectors are gone. They were cut as part of Health Secretary Robert F. Kennedy Jr. S to eliminate thousands of workers from federal health agencies. Current and former FDA inspectors tell NPR that will slow down inspections and make the US Food and drug supply less safe. Chris Middendorf spent Most of his 20 years at the FDA doing inspections.
Chris Middendorf
What you don't want to see are basically operators touching their face, messing around with their mask, touching things with their hands. They shouldn't be, but the only way you can see them is by standing outside the production window and watching for hours.
Sidney Lupkin
HHS told NPR it's monitoring the situation and working to make sure inspections continue. Sidney Lupkin, NPR News.
Jack Speier
Scientists now say they think that a newly discovered green comet has likely broken apart and therefore will not be visible to the naked eye. The comet name Swann, comes from what's called the Oort Cloud, which is well beyond Pluto. For the past few years, the space rock was visible using telescopes and binoculars, but officials say it may not have survived the trip past the sun and appears to be fading fast. The commenter what is left of it will disappear into the outer reaches of the solar system. Crude oil futures prices followed stocks higher today, oil up sharply. Oil rose $1.23 a barrel to settle at $64.32 a barrel. In New York, I'm Jack Speier, NPR News, in Washington.
Amazon Business Representative
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Host: Jack Speier
Release Date: April 23, 2025
Description: The latest news in five minutes. Updated hourly.
In today's top story, President Donald Trump spoke at the White House, addressing ongoing tensions with Federal Reserve Chairman Jerome Powell. President Trump affirmed that he has "no intention of firing" Powell, despite previous statements suggesting otherwise. Speaking at [00:17], Trump emphasized the need for timely interest rate cuts, stating, "It's a perfect time to lower the rate and would like to see our chairman be early or on time, as opposed to late." This follows Powell's declaration that he intends to serve out his current term, which concludes next year.
The President's remarks come amid fears that further rate cuts could exacerbate inflation, a concern already voiced by Powell and the Fed. This development marks a significant reversal in Trump's stance, highlighting the delicate balance between executive authority and the independence of the central bank.
In a contentious escalation between Harvard University and the Trump administration, President Alan Garber announced a lawsuit against the federal government and its bureau. At [01:11], Garber warned, "the consequences of the government's overreach will be severe and long lasting." The lawsuit challenges the administration's decision to withhold funds from Harvard amid investigations into antisemitism on campus.
Harvard contends that the freezing of research funds jeopardizes critical studies, including those focused on child cancer survivors, infectious disease outbreaks, and treatments for wounded soldiers. The administration argues that the funding freeze is a necessary measure to address and eliminate antisemitism within the university. However, Harvard argues that such actions will not effectively achieve these goals and instead impede valuable research.
Federal judges have intervened to prevent the Trump administration from dismantling Voice of America (VOA) and other government-funded news networks abroad. Reporting at [01:52], President Jack Speier highlighted that VOA offices in Washington have been "padlocked shut," and employees placed on paid leave following a March executive order.
Alina Hartunian adds that the court deemed the administration's actions "arbitrary and capricious," ordering the reinstatement of VOA employees and contractors to their previous statuses. VOA plays a crucial role in delivering information to countries lacking a robust or free press, and the court's preliminary injunction ensures these services remain operational while the legal proceedings continue.
Treasury Secretary Scott Bessant provided insights into the ongoing trade conflict between the United States and China. Speaking at [02:36], Bessant described the current trade showdown as "unsustainable" and expressed optimism for de-escalation between the world's two largest economies. Despite the imposition of a 145% tariff on Chinese imports by President Trump and China's retaliatory 125% tariff on U.S. imports, Bessant noted that formal talks between the two nations have yet to commence.
He pointed out the positive market reactions, with the Dow Jones Industrial Average rising over 1,000 points and the NASDAQ closing up 429 points following the latest tariff announcements. These developments indicate a volatile yet optimistic economic climate amidst the trade tensions.
The Food and Drug Administration (FDA) has narrowly avoided layoffs for its inspectors, but support staff responsible for travel arrangements have been terminated. Sidney Lupkin reports at [02:36] that these cuts are part of Health Secretary Robert F. Kennedy Jr.'s broader initiative to eliminate thousands of workers from federal health agencies.
Former FDA inspector Chris Middendorf voiced concerns about the impact of these cuts on the inspection process, stating at [03:52], "What you don't want to see are basically operators touching their face, messing around with their mask, touching things with their hands. They shouldn't be, but the only way you can see them is by standing outside the production window and watching for hours." Middendorf emphasized that reduced staffing will slow inspections and potentially compromise the safety of the U.S. food and drug supply.
Health and Human Services (HHS) has responded, assuring that it is "monitoring the situation and working to make sure inspections continue" ([04:07]).
Astronomers have reported that the newly discovered green comet, named Swann, is likely breaking apart and will soon become invisible to the naked eye. Speaking at [04:14], Jack Speier explained that Comet Swann originates from the Oort Cloud, a distant region beyond Pluto. Over the past few years, Swann was observable using telescopes and binoculars. However, officials now believe it may not survive its close approach to the sun and is rapidly fading. The remnants of the comet are expected to drift into the outer reaches of the solar system, marking the end of its visibility from Earth.
Oil markets reacted sharply to the escalating trade tensions between the U.S. and China. As reported at [04:14], crude oil futures surged, with prices increasing by $1.23 per barrel to settle at $64.32 per barrel. This rise follows the widespread rally in stock markets, underscoring the interconnectedness of global trade dynamics and energy markets.
This episode of NPR News Now provided comprehensive coverage of significant political, economic, and scientific developments, offering listeners a thorough overview of the day's most pressing issues.