Business, finance, politics. There's a lot going on out there and the Wall Street Journal's

What's News podcast covers it all, twice a day in less than 15 minutes. Navigate your

world with What's News wherever you get your podcasts.

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

The Federal Reserve raises interest rates again, this time relatively small 25 basis points.

Fed Chairman Jerome Powell promises to keep tightening money, but markets cheer and move

higher. Do investors not believe the Fed Chairman and his anti-inflation resolve or are

they just assuming that maybe the fight against inflation is over?

Whatever happened to recession fears, plus the college board revises its course of study

for the advanced placement test in history, which would appear to vindicate the criticism

by Florida governor Ron DeSantis. So we'll talk about the college board and why it changed.

All right, welcome. I'm Paul Gigo with the Wall Street Journal opinion page and I'm

here with my colleagues Joe Sternberg and Kim Strassel. Let's talk about the economy

first and the Federal Reserve's role in trying to contain inflation with another rate height,

but Jerome Powell said there's more work to do. Let's listen to the clip.

The Fed's monetary policy actions are guided by our mandate to promote maximum employment

and stable prices for the American people. My colleagues and I are acutely aware that high

inflation imposes significant hardship as it erodes purchasing power, especially for

those least able to meet the higher costs of essentials like food, housing and transportation.

We are highly attentive to the risks that inflation poses to both sides of our mandate and

we are strongly committed to a returning inflation to our 2% objective.

Joe Sternberg, the statement that Powell gave both in the Federal Open Market Committee

...