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CNN 5 Things

Fed Holds Rates, Trump Officials Grilled, Missing College Student and more

CNN 5 Things

CNN

News, Daily News

3.71.3K Ratings

🗓️ 18 March 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

We start with the Federal Reserve's latest decision on interest rates, as investors brace for a bumpy wartime economy. US officials deny responsibility for reported attacks on gas fields in Iran. Top Trump administration officials faced tough questions on Capitol Hill over the war with Iran. We have key takeaways on a heated confirmation hearing for the next Department of Homeland Security secretary. Plus, the family of a missing college student is pleading for help. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

From CNN, I'm AfomaDK, with the five things you need to know for Wednesday, March 18th.

0:07.4

The Federal Reserve voted to keep interest rates steady between 3.5 to 3.75 for the second time this year.

0:14.8

That's as investors and policymakers brace for the economic fallout of America's war with Iran.

0:20.2

All three major U.S. stocks indices closed in the red, with the Dow tumbling more than 750

0:25.5

points at slowest level this year.

0:28.3

Markets overwhelmingly expected the central bank to announce an interest rate pause.

0:32.4

The implications of events in the Middle East for the U.S. economy are uncertain.

0:36.7

In the near term, higher energy prices will push up overall inflation,

0:40.3

but it is too soon to know the scope and duration of the potential effects on the economy.

0:46.3

That's Federal Reserve Chair Jerome Powell.

0:48.3

He also weighed in on the Justice Department's criminal probe of him,

0:52.3

about whether he misled Congress about the central

0:54.2

bank's headquarters $2.5 billion renovation.

0:57.3

I have no intention of leaving the board until the investigation is well and truly over,

1:02.5

with transparency and finality.

1:04.4

More news coming up, including the Trump administration's latest effort to counter rising

1:10.0

energy prices.

1:20.6

A U.S. official denied the country attacked gas fields in Iran, instead saying Israel carried out the attack. Earlier today, Iranian state media said the U.S. and Israel attacked parts of its oil and natural gas production facilities,

1:26.6

including the South

1:28.2

Pars natural gas field, the world's largest.

1:31.2

One Israeli official says the strike was carried out in coordination with the U.S.

1:35.5

Meantime, energy infrastructure came under attack in Qatar and Saudi Arabia.

...

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