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Shea Stevens
Live from NPR News. In Washington, I'm Shea Stevens. Federal Reserve Board policymakers are holding interest rates steady a bit longer. Fed Chair Jerome Powell says the central bank is still concerned about inflation and how tariffs might impact the over economy. NPR Scott Horsley reports that there were two dissenters on the Fed's rate setting committee.
Scott Horsley
This is the first time two Fed governors have dissented on a rate decision in more than 30 years. So some might see that as a sign that Powell is struggling to maintain consensus on the committee. But the Fed chairman says this vigorous debate is healthy.
Jerome Powell
It's probably not surprising that there would be differences and different perspectives. What you hope is that people explain their positions very thoughtfully and clearly, and we absolutely had that today all the way around the table. I would call it one of the better meetings I can recall.
Scott Horsley
Waller, by the way, is one of the people who's been talked about as a possible replacement for Powell when the Fed chairman's term expires next year.
Shea Stevens
NPR Scott Horsley reporting. Brown University has reached an agreement with the Trump administration that will result in the release of research funding that was frozen earlier this year. Details from NPR's Carrillo.
Sequoia Carrillo
Unlike Columbia University's recent settlement, the university will not pay any kind of fine to the federal government, but it will invest $50 million in grants over 10 years for workforce development in Rhode Island, a move that Brown President Christina Paxson says aligns with their, quote, service and community engagement mission. The school asserted that though there was no proven wrongdoing, they were willing to settle to fulfill legal obligations and get funding back for research in a timely manner. Brown University did not agree to any kind of government or third party oversight, but will conduct a third party campus climate survey as part of the deal. Sequoia Carrillo, NPR News.
Shea Stevens
Former Vice President Kamala Harris says she will not run for governor of California this year, ending speculation about the matter. More from NPR's Deepa Shivaram.
Deepa Shivaram
In a statement, Harris says that she gave, quote, serious thought into running for governor. That election will take place next year to replace incumbent Governor Gavin Newsom. But Harris goes on to say that after deeper reflection, she won't be seeking that seat this time around. The former VP does keep the door open for running for office in the future, though, which may include a potential run for president in 2028. She said, quote, for now, my leadership and public service will not be in elected office. But she says she'll be working to help elect more Democrats and will be sharing more details about her future in the coming months. Deepa Shivaram, NPR News.
Shea Stevens
The Texas Legislature has created a new redistricting map designed to create five new Republican congressional seats. The vote was held during special session called to address natural disasters. Redistricting was added to the agenda after the Justice Department alleged that four existing Texas districts held by Democrats are unconstitutional. This is npr. The National Transportation Safety Board says the army helicopter that crashed into an American Airlines jet near Reagan national earlier this year was flying too high. The NTSB is holding hearings this week on how the military and the Federal Aviation Administration may have contributed to the disaster, which claimed 67 lives. Army officials acknowledged that altimeters on Black Hawk helicopters might be off by as much as 100ft, but suggest that was an acceptable range. They also cite a lack of separation between landing aircraft and helicopters using FAA approved routes near Reagan National. Tens of thousands of fans converged on Ozzy Osbourne's hometown of Birmingham, England, Wednesday to bid final farewells. As Villa Marx reports, it was a fitting final tribute to the heavy metal legend who died earlier this month.
Willem Marks
The Black Sabbath singer's coffin was driven along Birmingham's Broad Street, a route that saw the cortege pass at a bridge named for the band Osbourne helped found nearly six decades ago. A local group, the Boston Brass Band, followed six police motorcycles during the procession, performing Black Sabbath classics from albums going back decades. Chants arose frequently before his family, including visibly emotional wife Sharon, paused at the Black Sabbath br their own flowers to other tributes left there in the days since his death. Osbourne's fame expanded far beyond his musical career after his family appeared on an eponymous reality TV series that became MTV's most watched programming in the early 2000s. For NPR News, I'm Willem Marks.
Shea Stevens
U.S. futures are flat and after hours trading on Wall street on Asia specific market shares are mixed. This is NPR News.
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NPR News Now: July 31, 2025
Hosted by NPR, this episode of NPR News Now provides comprehensive coverage of the latest national and international news in a five-minute format. Below is a detailed summary capturing all key discussions, insights, and conclusions from the episode released on July 31, 2025.
Shea Stevens opens the episode with a report on the Federal Reserve's recent decision to hold interest rates steady. Fed Chair Jerome Powell emphasized that the central bank remains vigilant regarding inflation pressures and the potential impact of tariffs on the broader economy.
Scott Horsley reports, "This is the first time two Fed governors have dissented on a rate decision in more than 30 years," highlighting a notable shift within the committee. Despite the dissent, Powell reassures stakeholders about the Fed's consensus-building efforts.
Jerome Powell stated at [00:51], "It's probably not surprising that there would be differences and different perspectives. What you hope is that people explain their positions very thoughtfully and clearly, and we absolutely had that today all the way around the table. I would call it one of the better meetings I can recall."
Additionally, Horsley notes at [01:08] that Waller is emerging as a potential successor to Powell when his term concludes next year, indicating possible future leadership changes within the Fed.
Moving to higher education, Shea Stevens introduces a settlement between Brown University and the Trump administration. Sequoia Carrillo elaborates on the details, explaining that unlike Columbia University’s recent agreement, Brown University will not incur any fines. Instead, the institution has committed to investing $50 million in grants over the next ten years aimed at workforce development in Rhode Island.
Brown University President Christina Paxson remarked, "This aligns with our service and community engagement mission." The university maintains that there was no proven wrongdoing but opted to settle to expedite the release of research funds. As part of the agreement, Brown will conduct a third-party campus climate survey, although it refused external oversight from the government or third parties.
Shea Stevens reports that Former Vice President Kamala Harris has officially announced she will not seek the governorship of California in the upcoming election, quelling widespread speculation. Deepa Shivaram provides further insights into Harris's statement.
In her declaration at [02:18], Harris stated, "For now, my leadership and public service will not be in elected office." She acknowledged having given "serious thought into running for governor" but decided against it after deeper reflection. However, Harris remains open to future political endeavors, including a potential presidential run in 2028. She also committed to supporting Democratic candidates and hinted at sharing more details about her future plans in the coming months.
The episode highlights significant political developments in Texas, where the legislature has approved a new redistricting map intended to add five new Republican congressional seats. This vote occurred during a special session initially convened to address natural disasters but was later expanded to include redistricting in response to the Justice Department’s allegations that four existing Texas districts held by Democrats were unconstitutional.
This strategic move is seen as a significant shift in Texas's political landscape, potentially altering the balance of power in future congressional elections.
A tragic incident unfolded earlier this year when an Army helicopter crashed into an American Airlines jet near Reagan National Airport, resulting in the loss of 67 lives. The National Transportation Safety Board (NTSB) announced at [02:53] that it is holding hearings to investigate the roles of the military and the Federal Aviation Administration (FAA) in the disaster.
Preliminary findings suggest that the helicopter was flying too high, and Army officials admitted that the altimeters on Black Hawk helicopters might have been inaccurate by up to 100 feet. They defended this variance as within an acceptable range and pointed to inadequate separation protocols between landing aircraft and helicopters utilizing FAA-approved routes near Reagan National.
In an emotional segment, Willem Marks reports on the farewell ceremonies for Ozzy Osbourne, the legendary Black Sabbath singer, in his hometown of Birmingham, England. Thousands of fans gathered to honor the heavy metal icon who passed away earlier this month.
At [04:06], Marks describes the procession where Osbourne's coffin was transported along Birmingham's Broad Street, passing by a bridge named after the band he co-founded nearly six decades ago. The Boston Brass Band played Black Sabbath classics, while chants and tributes poured in from fans and family alike. Osbourne's legacy extends beyond music, notably through the family's popular reality TV series that dominated MTV programming in the early 2000s.
Shea Stevens concludes the episode with a brief market update, noting that U.S. futures are flat, and after-hours trading on Wall Street remains varied. Specifically, Asian market shares exhibit mixed performance, reflecting the ongoing economic fluctuations and investor sentiments.
This summary encapsulates the key discussions and insights from the NPR News Now episode of July 31, 2025, providing listeners with a comprehensive overview of important national and international events.