Live from NPR News, I'm Lakshmi Singh.

The Federal Reserve's keeping its benchmark interest rate unchanged, sticking with its

wait-and-see approach despite President Trump's pressure to start lowering.

Fed Chair Jerome Powell says the economy's in a solid position despite elevated uncertainty

with inflation running above the Fed's 2% target.

Near-term measures of inflation expectations have moved up on balance over the course of this year

on news about tariffs, as reflected in both market-based and survey-based measures.

Beyond the next year or so, however, most measures of longer-term expectations remain consistent

with our 2% inflation goal.

The Federal Open Market Committee voted 9-2 to keep the borrowing rate unchanged.

Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller broke ranks.

It was the first time in more than 30 years

at two of the seven Washington-based governors had dissented. The White House announced President Trump

signed three new tariff actions today. Actions include new tariffs on copper, goods from Brazil,

and lower-value goods from all over the world.

NPR's Daniel Kurtzleben reports.

Trump has now signed 50% tariffs on copper into effect, adding to the list of goods he's already tariffed, including steel, aluminum, and automobiles.

He also signed a 50% tariff on Brazilian goods, citing the quote, politically motivated persecution of far-right

former President Jair Bolsonaro. Bolsonaro was accused of plotting to overturn his reelection loss in

2022. Trump had already announced that those tariffs were coming. The signings make them official.

In addition, he eliminated a tariff exemption on imported packages valued at less than

$800. Trump had already ended this exemption for Chinese goods. The move could raise e-commerce

...