4 • 1K Ratings
🗓️ 18 June 2025
⏱️ 5 minutes
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0:00.0 | We start the day's other news with the U.S. Federal Reserve. Officials left interest rates unchanged for the fourth straight time today. |
0:07.9 | They also said they expect to cut rates twice by the end of the year, even as worries over inflation persist. |
0:13.8 | At a press conference today, Fed Chair Jerome Powell said that uncertainty is unusually elevated amid ongoing concerns over the impact of President |
0:22.6 | Trump's tariffs. |
0:23.6 | People will be trying not to be the ones who pick up the cost, but ultimately the cost |
0:28.6 | of the tariff has to be paid. And some of it will fall on the end consumer. We know that |
0:33.6 | because that's what businesses say, that's what the data say from past. So we know that's coming, and we just want to see a little bit of that before we make |
0:43.3 | judgments prematurely. |
0:44.4 | Just hours before this afternoon's Fed announcement, President Trump renewed his complaints |
0:49.9 | about Powell's unwillingness to cut rates, calling him stupid and even floating the idea of |
0:55.4 | installing himself as chair. |
0:57.8 | The State Department says it's resuming the process to allow foreigners to apply for student |
1:03.2 | visas. |
1:04.0 | But applicants will now have to make their social media accounts public for review, |
1:08.5 | or they could be rejected. |
1:09.7 | The department said its officers will be |
1:11.8 | looking for signs of, quote, hostility toward the citizens, culture, government, institutions, |
1:17.2 | or founding principles of the United States. Last month, the Trump administration temporarily |
1:22.4 | stopped scheduling new interviews for such visas. It's part of a broader crackdown on overseas students hoping to |
1:29.4 | study here. The Supreme Court is reviving plans to store nuclear waste at sites in Texas and New |
1:36.4 | Mexico. The justices today rejected a challenge from Texas and a group of landowners over a private |
1:42.5 | company's plans to store the material in the state. |
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