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Morning Wire

Fed Cuts Rates & China’s Nuclear Arsenal | Afternoon Update | 12.18.24

Morning Wire

The Daily Wire

News, Daily News

4.926.5K Ratings

🗓️ 18 December 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Developing stories you need to know just in time for your drive home. Get the facts first on Morning Wire. Good Ranchers: Get exclusive deals with promo code WIRE: https://www.goodranchers.com Lumen: Get 15% off your Lumen at https://lumen.me/Wire Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode is brought to you by Good Ranchers.

0:03.2

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0:04.9

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0:08.2

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0:11.9

Visit Good Ranchers.com and use code wire today.

0:17.1

I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Wednesday, December 18th, and this is your Morning Wire afternoon update. The Federal Reserve has announced its third consecutive interest rate cut, a 25 basis point reduction. This move lowers the federal funds rate to a target range of 4.25% to 4.5% following similar reductions in November and September.

0:41.2

The Federal Open Market Committee says inflation is trending downward but remains above its 2% target,

0:46.6

while unemployment has ticked up. The Fed says it remains focused on balancing risks to employment

0:51.4

and inflation as uncertainty clouds the economic outlook.

0:55.6

As sightings of unidentified drones continue on the East Coast, the FBI is warning residents

1:01.3

against pointing lasers at them. Daily Wire reporter Tim Pierce has the latest.

1:06.6

Officials say these actions could have deadly consequences. Pilots of manned aircraft in the area have already reported having lasers

1:13.6

shined in their eyes after being mistaken for drones by those on the ground.

1:16.6

The Pentagon and federal agencies say there's no evidence these drones pose a national security threat.

1:22.6

Still, lawmakers are pressing for more transparency to address the public's concerns,

1:26.6

as the FBI has logged

1:28.1

over 5,000 drone sightings in recent weeks. The FBI's statement, along with yesterday's classified

1:33.3

briefing, have done very little to put the public at ease. Here's DOD Press Secretary, Major

1:38.1

General Patrick Ryder, being asked about that. Why does it have to be a classified briefing?

1:42.8

If these are just hobbyist drones, they're not

1:44.8

military drones, why is it a classified briefing on the Capitol Hill? I'd have to refer you to

...

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