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Dale Willman
Live from NPR News. I'm Dale Willman. Policymakers at the Federal Reserve voted 9 to 2 yesterday to hold interest rates steady. The Fed has been under increasing pressure from President Trump to lower rates in order to give a quick boost to the economy. After the vote, Fed Chair Jerome Powell said Trump's trade policy was a major factor in the decision.
Jerome Powell
Services inflation has continued to ease while increased tariffs are pushing up prices in some categories of goods. Near term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs as reflected in both market based and survey based measures. Beyond the next year or so, however, most measures of longer term expectations remain consistent with our 2% inflation goal.
Dale Willman
It was the first time in more than three decades that the Fed vote was not unanimous. This week's killing of a Palestinian activist in the west bank by a Jewish settler is being widely condemned. As NPR's Eleanor Beardsley reports, the person killed contributed to this year's Oscar winning documentary no Other Land.
Eleanor Beardsley
France condemned the killing of Palestinian activist Aldehat Aleen and violence by, quote, all extremist settlers, noting that settlers have killed 30 people since 2022. It said it was ready to sanction Israeli officials who support settlers. Hat alin helped make the film no Other Land about settler expropriation of Palestinian land. A video captured on Monday does not show who shot Hadleen, but it does show an Israeli settler, Inon Levy, firing his gun wildly toward residents of Hadleen's west bank village at the time of the killing. The EU has sanctioned Levy and so did the US Until President Trump lifted those sanctions. Eleanor Beardsley, NPR News.
Dale Willman
The West Bank President Trump says Brazil will have one of the highest tariffs he's imposed on a country. A 50% tariff on all Brazilian goods takes effect on August 6th. As NPR's Carrie Kahn reports, Trump signed an executive order yesterday justifying the duties while also exempting a long list of Brazil's exports.
Carrie Kahn
Trump says Brazil deserves the high tax because it violates human rights, undermines the rule of law, and is politically persecuting its former president. Brazil's ex far right leader Jair Bolsonaro is facing charges of attempting a coup to stay in power after losing the 2020 election. The US treasury also sanctioned a Brazilian Supreme Court justice for rulings it characterized as abuse of power and censoring opponents. Trump's executive order does include a long list of tariff exemptions, including orange juice exports and aircraft parts and planes. Brazil provides nearly half of all OJ Consumed in the US And Embraer, the Brazilian aircraft manufacturer, warned of layoffs of US Workers if hit by the steep tariffs. Carrie Conn, NPR News, Sao Paulo.
Dale Willman
And you're listening to NPR News. The United States and Pakistan say they've reached a trade agreement that's expected to allow Washington to help develop Pakistan's largely untapped oil reserves and lower tariffs for the South Asian country. Pakistani officials did not specify where the exploration would take place, but most of Pakistan's reserved are believed to be in the insurgency hit southwestern province of Baluchistan. Officials in Ukraine say a Russian drone and missile attack in the capital of Kyiv has killed at least seven people, including a six year old boy. More than 50 others people were wounded and that number is expected to rise. A large portion of a nine story residential building collapsed after it was hit, and rescue teams are trying to reach people buried under the rubble. Texas lawmakers will travel to Kerrville for a hearing in the community hardest hit by the July 4th Hill country floods. They will hear directly from residents, local officials and experts about the damage as well as ongoing recovery needs. The the Texas Newsroom's Blaze Gainey has more.
Blaise Gainey
It's the first time lawmakers will hear testimony from residents and locals since the deadly July 4th flooding. While no bills are filed yet, lawmakers are focusing on improving early warning systems, expanding emergency sirens in flood prone areas and providing direct aid to communities. Houston Republican Senator Paul Bettencourt is sponsoring a bill on the state's flood warning systems.
Paul Bettencourt
We're not just looking at sirens. You got to look at gauges. You have to look at cell communications.
Blaise Gainey
Betancourt says he wants the state to take more financial responsibility for warning infrastructure rather than leaving it to municipalities. I'm Blaise Gainey in Austin.
Dale Willman
And I'm Dale Willman, NPR News.
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NPR News Now: July 31, 2025, 8AM EDT
Hosted by Dale Willman, NPR News Now delivers the latest headlines and in-depth reporting every five minutes. Below is a comprehensive summary of the July 31, 2025, episode.
Timestamp: 00:16
In a significant decision, policymakers at the Federal Reserve voted 9 to 2 to keep interest rates unchanged. This marks the first non-unanimous vote in over three decades. The Fed's move comes amid mounting pressure from President Trump, who has been advocating for lower rates to stimulate economic growth.
Jerome Powell, Fed Chair, addressed the decision, emphasizing the impact of external factors:
“Services inflation has continued to ease while increased tariffs are pushing up prices in some categories of goods. Near term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs as reflected in both market based and survey based measures. Beyond the next year or so, however, most measures of longer term expectations remain consistent with our 2% inflation goal.”
[00:37]
Powell highlighted that while tariffs have introduced upward pressure on certain goods' prices, the longer-term inflation expectations remain aligned with the Fed's target.
Timestamp: 01:04
Tragedy struck in the West Bank as Aldehat Aleen, a Palestinian activist, was killed by a Jewish settler. His death has sparked widespread condemnation and international concern.
Eleanor Beardsley reports that France has condemned the act, citing:
"Settlers have killed 30 people since 2022."
[01:23]
Aleen was instrumental in creating the Oscar-winning documentary No Other Land, which focuses on the expropriation of Palestinian land by settlers. A video of the incident shows Inon Levy, an Israeli settler, firing his gun near Aleen's village. Both the EU and the US had previously sanctioned Levy, but these sanctions were lifted by President Trump. France has signaled readiness to reimpose sanctions on Israeli officials supporting settlers.
Timestamp: 02:01
In a bold move, President Trump announced a 50% tariff on all Brazilian goods, set to take effect on August 6th. This decision is a response to what Trump perceives as Brazil's violations of human rights and undermining of the rule of law.
Carrie Kahn provides detailed insights:
“Brazil deserves the high tax because it violates human rights, undermines the rule of law, and is politically persecuting its former president.”
[02:24]
The tariffs target a broad range of Brazilian exports but include exemptions for critical industries:
Embargoed Brazilian aircraft manufacturer Embraer has warned of potential layoffs for US workers if the tariffs come into effect. The executive order also stems from allegations against Jair Bolsonaro, Brazil’s former far-right leader, who is currently facing charges related to an attempted coup to remain in power post the 2020 elections. Additionally, the US Treasury has sanctioned a Brazilian Supreme Court justice for alleged abuses of power.
Timestamp: 03:11
Trade Agreement Between the US and Pakistan
The United States and Pakistan have reportedly finalized a trade agreement aimed at developing Pakistan's untapped oil reserves. This initiative is expected to reduce tariffs and bolster economic cooperation. While specific exploration sites remain undisclosed, it is widely believed that much of Pakistan's oil reserves are located in the insurgency-prone southwestern province of Baluchistan.
Attack in Kyiv, Ukraine
In a concerning escalation of the ongoing conflict, Ukrainian officials have confirmed that a Russian drone and missile strike targeted Kyiv, resulting in at least seven deaths, including a six-year-old boy. Over 50 individuals were injured, with expectations of the casualty numbers rising. The attack led to the partial collapse of a nine-story residential building, complicating rescue operations as teams strive to reach those trapped under the rubble.
Timestamp: 04:16
Following the devastating floods in Kerrville during the July 4th celebrations, Texas lawmakers are set to conduct a hearing in the hardest-hit community. This marks the first time legislators will gather testimonies from residents and local officials since the disaster.
Blaise Gainey reports:
“It's the first time lawmakers will hear testimony from residents and locals since the deadly July 4th flooding.”
[04:16]
Key focus areas of the hearing include:
Senator Paul Bettencourt emphasized the need for comprehensive infrastructure improvements:
“We're not just looking at sirens. You got to look at gauges. You have to look at cell communications.”
[04:37]
Bettencourt advocates for the state to assume greater financial responsibility for warning infrastructure, rather than leaving it solely to municipalities.
Conclusion
This episode of NPR News Now provided listeners with critical updates on economic policies, international conflicts, trade agreements, and local disaster responses. From the Federal Reserve's pivotal decision on interest rates influenced by global trade tensions to the heart-wrenching loss of a Palestinian activist and the ensuing international repercussions, the news covered a broad spectrum of pressing issues. Additionally, domestic challenges such as the Texas flooding response highlighted the ongoing efforts to improve disaster preparedness and community resilience.
For those seeking a comprehensive understanding of current events, NPR News Now continues to deliver timely and in-depth reporting.