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Live from NPR News, I'm Korva Coleman. Federal Reserve Chair Jerome Powell spoke this morning at a key economic policy summit in Wyoming. He suggested the central bank could be open to interest rate cuts, but he didn't specify when Powell also talked about inflation. He says President Trump's tariffs have started to increase the cost of some imported goods.
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The effects of tariffs on consumer prices are now clearly visible. We expect those effects to accumulate over coming months with high uncertainty about both timing and amounts. The question that matters for monetary policy is whether these price increases are likely to materially raise the risk of an ongoing inflation problem.
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Separately, President Trump said today he'll seek to fire one of the Federal Reserve's policymakers. Fed Governor Lisa Cook, a member of Trump's administration, has accused Cook of mortgage fraud, but no evidence has been provided. The FBI has searched the home of former national Security adviser John Bolton. NPR's Kerry Johnson reports Bolton has become a sharp critic of President Trump.
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The FBI says it pursued court authorized activity at Bolton's Maryland home as Director Kash Patel posted on social media, no one is above the law. Bolton had worked on national security issues for about a year during the first Trump administration, but he later criticized Trump in a tell all book. The president's allies have since raised questions about Bolton's handling of classified documents, which Bolton describes as retaliation. This year, the Trump administration yanked Bolton's security detail, which was in place because of threats from Iran. The president told reporters he knew nothing about the FBI search and said Bolton could be a, quote, very unpatriotic guy. Carrie Johnson, NPR News, Washington.
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The Israeli military is ordering hospitals to prepare to evacuate patients and equipment from north Gaza in the midst of its planned assault on Gaza City. A Gaza official calls this a death sentence for patients. NPR's Jane Araf has more.
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In a recording released by the Israeli military, an Israeli officer tells a Gaza health official that they will force everyone to leave Gaza City in the north and that hospitals need to prepare to transfer operations to the south Gaza Strip. The health official tells them that the UN and international medical aid groups have informed them they have no room in the south and that ICU patients and infants and incubators will be at risk. Gaza's health ministry director, Munir El Bursh later described the demand as a field execution order against patients too sick or wounded to be transferred. Gaza's healthcare system has collapsed amid ongoing Israeli strikes, with remaining hospitals operating at up to 300% capacity. Jane Araf, NPR News, Aman.
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On Wall street, the Dow is up nearly 900 points, or about 2%. You're listening to NPR News. The world authority on food insecurity has declared famine now exists in northern Gaza. The group of experts says over half a million Palestinians could die of starvation. Israel rejects the findings. It says the panel overlooked Israeli data on aid deliveries. A New York based think tank says more than 200,000 people in the United States are considered to be stateless. NPR's Jacqueline Diaz explains being stateless means.
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There is no country that recognizes you as a citizen. As with certain minorities in Myanmar and Kuwait, it's a little known subset of immigrants in the US but according to the Centers for Migration Studies, the community numbers around 218,000. The US has no legal framework to recognize stateless individuals, leaving them in limbo, according to Laura Bingham with Temple University. This leaves them especially vulnerable under the Trump administration's immigration crackdown.
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We don't have a status determination. There's no protection. You're effectively the most vulnerable undocumented person.
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With no country to send them to. Bingham says stateless people face increased risk of prolonged detention if arrested. Jacqueline Diaz, NPR News.
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The Texas State Senate is poised to pass a congressional map today. It redraws state congressional districts and aims to flip five Texas Democratic seats in the U.S. house to Republican control. Separately, California state officials have passed a similar measure. They're seeking to flip five Republican districts to Democratic control. This is NPR News.
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Listen to this podcast sponsor, free on Amazon Music with a Prime membership or any podcast app, by subscribing to NPR News Now +@plus.NPR.org that's plus.NPR.org.
This concise episode delivers the latest news headlines as of late morning. The main stories include the Federal Reserve’s openness to interest rate cuts amid tariff-driven inflation, political turmoil within the Fed, dramatic developments involving John Bolton, a dire crisis in Gaza’s hospitals, a new famine designation, the plight of stateless people in the U.S., and shifting political maps in Texas and California. The episode is hosted by NPR’s Korva Coleman.
“The effects of tariffs on consumer prices are now clearly visible. We expect those effects to accumulate over coming months with high uncertainty about both timing and amounts. The question that matters for monetary policy is whether these price increases are likely to materially raise the risk of an ongoing inflation problem.” (00:39)
“Gaza's health ministry director, Munir El Bursh later described the demand as a field execution order against patients too sick or wounded to be transferred.” (02:55)
“We don’t have a status determination. There’s no protection. You’re effectively the most vulnerable undocumented person.” (04:15)
Jerome Powell on Inflation (00:39):
“The effects of tariffs on consumer prices are now clearly visible... The question that matters for monetary policy is whether these price increases are likely to materially raise the risk of an ongoing inflation problem.”
Director Kash Patel on the Bolton search (01:22):
“No one is above the law.”
Trump on Bolton (01:59):
“[Bolton] could be a, quote, very unpatriotic guy.”
Munir El Bursh, Gaza Health Ministry Director (02:55):
Described the evacuation order as “a field execution order against patients too sick or wounded to be transferred.”
Laura Bingham, Temple University (statelessness) (04:15):
“We don’t have a status determination. There’s no protection. You’re effectively the most vulnerable undocumented person.”
This NPR News Now episode is a brisk roundup of consequential developments: escalating economic uncertainties in the U.S., intensifying political partisanship, humanitarian disaster in Gaza, and the challenges facing stateless people and shifting American electoral maps. The coverage maintains NPR’s trademark urgency and clarity, offering listeners a snapshot of a quickly changing world.