Fed’s rates dilemma, ‘enemy combatants’ label, Met Gala preview & more

CNN 5 Things

CNN

Daily News, News

4.3 • 1.2K Ratings

🗓️ 2 May 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Donald Trump is calling for the Fed to lower interest rates after a positive jobs report. Vice President JD Vance says the war in Ukraine is “not going to end any time soon.” Trump says he’s going to strip Harvard of its tax exemption. The definition of enemy combatant may extend to include cartel and gang members in the US. And, we’ll talk through the theme for next week's Met Gala. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Kate's just off to work after sleeping in the best bed in the business.
0:04.0	And my word, doesn't she look ready for anything?
0:07.0	Something about her smile is just brighter.
0:10.0	Her eyes seem glintier, and she just feels so much more...
0:15.0	Kate-ier?
0:16.0	Of course it's no surprise really, because last night she slept at Premier Inn,
0:20.0	and she got
0:21.3	up to 15% off with business booker.
0:24.1	Get better sleep for your money.
0:26.3	Premier Inn, rest easy.
0:28.6	T's and C's apply.
0:31.4	Hi there.
0:32.3	From CNN, I'm Erin Matheson, with the five things you need to know for Friday, May 2nd.
0:43.3	President Trump is once again calling on the Federal Reserve to lower interest rates. This follows a better than expected April jobs report that was released this morning.
0:48.3	Employers added 177,000 jobs last month versus the 135,000 economists were expecting.
0:55.8	On truth social, Trump posted, quote, no inflation, the Fed should lower its rate, all caps.
1:02.2	But according to figures released this week from the Commerce Department, there's no truth
1:06.2	to that claim.
1:07.7	Meaning, the Fed is facing a unique dilemma over whether to lower interest rates, as
1:12.4	inflation remains above its 2% target, or raise rates to brace for the inflationary impact from Trump's
1:18.3	tariffs. And speaking of tariffs, a major shipping loophole has now expired. So I asked CNN's Elizabeth
1:25.1	Buckwold for the details. Hi, Erin. All those cheap goods that Americans order from sites like Timo and Sheehan
	...

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