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Shea Stevens
Live from NPR News in Washington, I'm Shea Stevens. President Trump sparred with Federal Reserve Chairman Jerome Powell Thursday during a visit to the central bank. As NPR's Rafael Nam reports, Trump was there to inspect a renovation project that he's criticized.
Rafael Nam
It was already an unusual visit. Presidents don't normally visit the Fed, which strongly protects its independence. But Trump has been very critical of the Fed, saying it's being too slow to cut interest rates. And then Trump tussled with Powell about the final cost of the Fed's renovations, which are projected to hit 2 $2.5 billion.
Jerome Powell
We're taking a look and it looks like it's about 3.1 billion. It went up a little bit or a lot.
Rafael Nam
Powell shook his head in disagreement.
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I haven't heard that from anybody at the Fed.
Rafael Nam
Powell took a look at the paper and pointed out that President Trump was citing a number that included a building built five years ago. After that, Trump was more conciliatory, avoiding repeating his attacks against Powell as they walked away. Rafael Nam, NPR News.
Shea Stevens
Healthcare workers and aid groups say that dozens of Gazans have died in recent weeks because of causes related to malnutrition. And the Gaza Health Ministry says five malnourished children died over four days last week alone because of a lack of medicine. Dr. Ahmed Al Farah directs pediatric and maternity care at the Nasser Medical Complex in Khan Yunis.
Dr. Ahmed Al Farah
The situation in Gaza nowadays is very, very critical. And nowadays we can see a lot of people, they are falling in the streets. They are complaining from fatigue.
Shea Stevens
Al Farasa's trucks carrying medical supplies have been trapped at the border for months. The UNN humanitarian Office says roughly 9% of the more than 56,000 children recently screened in Gaza are suffering from acute malnourishment. Ukrainian President Volodymyr Zelensky has reversed an effort to place his country's anti corruption watchdogs under his authority. As NPR's Hanna Palamorenko reports from Kyiv, the heads of an anti corruption agency are supporting the legislation.
Hanna Palamorenko
Ukrainians called on the president to repeal a controversial law that he had signed. Later, Zelensky announced that he had submitted his own bill to prosper parliament that would guarantee the independence of anti corruption agencies. Representatives of these agencies also participated in the drafting of the bill after the text was published on the parliament's website. The anti corruption agencies said they supported it. Now the parliament is to consider the bill at its next meeting. Ukrainians on social media are calling for continued protests if the session does not take place place soon. Hanna Polomarenko, NPR News, KYIV.
Shea Stevens
This is NPR. The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance. In voting for the merger, FCC Chair Brendan Carr cited Skydance's promise to make significant changes to cbs. The move comes the day after Paramount, which owns cbs, announced it was canceling the Late show with Steve Colbert next spring. Paramount has also agreed to pay 16 million dol to resolve a lawsuit filed by President Trump over a 60 Minutes interview aired in 2024. The Trump administration's cuts to the National Park Service spawned fears of widespread problems for millions of visitors this summer. NPR's Kirk Sigler reports on how things are going at Glacier national park in Montana.
Kirk Sigler
Glacier's permanent staff has been cut by 25% through firings, buyouts and President Trump's hiring freeze on all federal agencies. These cuts are real, but many visitors like Nathan Boggs from Minnesot, say they aren't seeing any effects or disruptions. Traffic on the going to the Sun Road is its usual busy, and bathrooms and campgrounds are clean.
Nathan Boggs
Everything just seems really well taken care of for us.
Kirk Sigler
But many former Park Service employees and watchdog groups say that's by design. Parks like this did end up rehiring some staff and hiring more seasonal rangers, so things look normal. But they say all the work in the back office, like planning for infrastructure, wildlife studies, and even hiring for next year, is on hold. Kirk Zigler, NPR News, West Glacier, Montana.
Shea Stevens
US Futures are higher in after hours trading on Wall Street. On Asia Pacific markets at this hour, shares are mostly lower, down 1% in Hong Kong. This is NPR.
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Host: Shea Stevens
Release Date: July 25, 2025
Duration: 5 minutes
Description: The latest news in five minutes. Updated hourly.
Timestamp: [00:16]
President Donald Trump made an unprecedented visit to the Federal Reserve, a move that is highly unusual given the Fed's tradition of independence. During his inspection of a renovation project at the central bank, Trump expressed strong criticism over the escalating costs.
Timestamp: [00:32]
NPR's Rafael Nam reported that Trump's primary concern was the rising cost of the Fed's renovation, which he claimed was excessively high.
The disagreement centered around the final cost of the renovations. While Trump cited a figure of $2 billion, Chairman Powell provided a higher estimate.
Powell’s head shake indicated his disagreement with Trump's figure.
Timestamp: [01:02]
After addressing the cost discrepancy and clarifying that Trump's number included a building constructed five years prior, the interaction became more conciliatory.
Timestamp: [01:20]
Healthcare professionals and aid organizations are raising alarms over the increasing number of deaths in Gaza due to malnutrition and lack of medical supplies.
The Gaza Health Ministry reported that five malnourished children died over four days from a shortage of medicine.
Dr. Ahmed Al Farah, who oversees pediatric and maternity care at the Nasser Medical Complex in Khan Yunis, provided a dire assessment of the situation.
Al Farah highlighted that trucks carrying essential medical supplies have been stuck at the border for months, exacerbating the crisis.
The UN humanitarian office reported that approximately 9% of over 56,000 children screened in Gaza are suffering from acute malnourishment.
Timestamp: [01:59]
Ukrainian President Volodymyr Zelensky has retracted his initiative to place the country’s anti-corruption watchdogs under his direct authority, responding to public outcry.
NPR's Hanna Palamorenko reported from Kyiv that the reversal came after significant opposition from both the public and the heads of anti-corruption agencies.
In response, Zelensky introduced a new bill designed to ensure the independence of these agencies, with active participation from the agencies themselves in drafting the legislation.
Public sentiment remains strong, with calls for continued protests if legislative action is delayed.
Timestamp: [03:12]
The Federal Communications Commission (FCC) has given the green light to the $8 billion merger between Paramount Global and Skydance, a decision influenced by Skydance's commitments to revamp CBS.
FCC Chair Brendan Carr highlighted Skydance’s pledge to implement significant changes within CBS as a pivotal factor in the approval.
Additionally, Paramount has faced recent challenges, including the cancellation of "The Late Show with Stephen Colbert" slated for next spring.
Furthermore, Paramount has agreed to settle a lawsuit filed by President Trump over a 2024 "60 Minutes" interview, agreeing to pay $16 million.
Timestamp: [03:54]
The Trump administration’s budget cuts to the National Park Service have raised concerns about the future maintenance and operations of national parks. However, NPR’s Kirk Sigler reports that the impact at Glacier National Park in Montana appears minimal for visitors.
Despite these reductions, many park visitors, including Nathan Boggs from Minnesota, have not noticed any negative effects.
Sigler notes that while surface operations appear normal—with busy roads and clean facilities—the reduction in permanent staff has led former employees and watchdog groups to express concerns. Essential behind-the-scenes work such as infrastructure planning, wildlife studies, and future hiring have reportedly stalled.
Timestamp: [04:44]
U.S. futures are trading higher in after-hours on Wall Street, signaling potential gains in the upcoming trading session. Conversely, Asia-Pacific markets are experiencing declines, with Hong Kong shares down by 1%.
Note: Advertisements and non-content segments have been excluded from this summary to focus solely on the key news topics discussed in the episode.