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CNN 5 Things

Fed Rates Steady, MN Shooting Probe, “Trump Accounts” and more

CNN 5 Things

CNN

Daily News, News

3.71.3K Ratings

🗓️ 28 January 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

We start with the Federal Reserve’s latest decision on interest rates, as it fights to maintain its independence. We have updates on Alex Pretti’s fatal shooting investigation and the attack against a Minnesota lawmaker. The FBI is investigating voter fraud claims in a crucial swing state. We have key takeaways from Secretary of State Marco Rubio’s Senate hearing. Plus, we’ll tell you what President Donald Trump is calling the centerpiece of his affordability agenda. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey, from CNN. I'm AfomaDK, with the five things you need to know for Wednesday, January 28th.

0:07.6

The Federal Reserve kept interest rates steady for the first time since July, matching Wall Street's expectations.

0:15.0

U.S. stocks were mixed with the Dow closing higher by 12 points, the S&P and the red slightly, and NASDAQ posting gains.

0:22.8

Two Fed officials wanted quarter point rate cuts, but here's some possible reasons why that

0:27.0

didn't happen.

0:28.3

Rate changes take time to work their way through the economy, sometimes many months.

0:32.9

While the central bank says the economy and job markets show signs of improvement. They also say inflation

0:38.2

is still high, so voting members on the committee probably wanted to see if their previous three

0:43.0

rate cuts are doing the trick. For now, anyway. This all comes as the Federal Reserve's independence

0:48.5

is at stake in the Supreme Court, and Fed Chair Jerome Powell faces a criminal inquiry. Powell's

0:54.1

term ends in May this year.

0:55.8

And when asked by CNN, what advice he has for his successor, he responded.

1:00.2

Stay out of elected politics.

1:02.6

Don't get pulled into elected politics.

1:05.1

Don't do it.

1:06.9

More news coming up, including an update on the Alex Party shooting investigation and new voter fraud allegations.

1:13.6

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1:20.6

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1:30.3

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1:35.2

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1:40.1

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1:51.2

Federal Immigration Office Do security and compliance right? Get started today at Vantor.com. Federal immigration officers involved in Alex Prady's fatal shooting in Minneapolis on Saturday have been placed on administrative leave. That's what a senior Department of Homeland

...

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