If it's Wednesday, it's the economy.

The president touts a better than expected GDP report ahead of another major tariff deadline,

as the Federal Reserve bucks the president's demands to lower interest rates.

Plus, NBC News exclusive reporting on Defense Secretary Pete Hexs' potential plans to run for office in Tennessee in what would be a major

leadership shakeup for the Pentagon and President Trump's cabinet.

And former Vice President Kamala Harris says she will not run for governor of California,

raising speculation of a potential 28 presidential bid from one of the Democratic Party's most closely watched figures.

Welcome to meet the press now. I'm Kristen Welker in Washington on a day of major headlines about the health of the U.S. economy and the president's frustrations with Federal Reserve Chair Jerome Powell. This afternoon, the Fed again rebuffed the president's demands that at lower interest rates, announcing it will keep rates steady as was expected. What was not expected to Fed governors dissenting in that decision out of the 11 members who cast a vote.

Now, that hasn't happened in more than 30 years.

Both dissenters were Trump appointees, calling for rates to be cut.

Here's what Powell told reporters when asked about the dissent.

On the dissents, you know, what you want from everybody and also from a dissenter is a clear explanation

of what you're thinking is and what are the arguments you're making.

And that's, we had that today.

So I think basically this was quite a good meeting all around the table where people were, you know, thought carefully about this

and put their positions out there.

The Fed's decision coming as the White House touts is stronger than expected GDP report,

showing that the U.S. economy grew at a 3% rate in the second quarter of the year,

reversing a first quarter economic contraction.

Now, the volatility in the numbers has been exacerbated by the president's tariff agenda

and trade war threats, which have roiled U.S. imports and exports, causing huge fluctuations

in parts of the data. At the White House today, the president boasted about the resilience

...