Rate cuts hint, John Bolton raided, rainbow crosswalk removed & more
CNN 5 Things
CNN
3.7 • 1.3K Ratings
🗓️ 22 August 2025
⏱️ 7 minutes
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| 0:00.0 | Hi, this is Ava from Vanta. |
| 0:02.0 | In today's digital world, compliance regulations are changing constantly, |
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| 0:31.9 | Hey there from CNN. I'm Krista Bow with the five things you need to know for Friday, August 22nd. |
| 0:38.0 | Federal Reserve Chair Jerome Powell hinted this morning that the central bank will do what President Donald Trump and investors have long been waiting for. |
| 0:45.8 | With policy and restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. |
| 0:53.9 | That's Powell's very fancy way of saying, okay, fine, we might have to cut interest rate soon, |
| 0:58.8 | warning that the job market is weakening and may need support. |
| 1:02.4 | The Dow soared over 900 points into record territory this morning at the news. |
| 1:07.1 | But Powell also warned of a gloomier economic outlook, in part because of tariffs impact on inflation. |
| 1:12.6 | The effects of tariffs on consumer prices are now clearly visible. |
| 1:16.6 | We expect those effects to accumulate over coming months with high uncertainty about both timing and amounts. |
| 1:23.6 | The central bank hasn't cut rates in eight months, and the next opportunity they have to do so is next month, so it's not a done deal yet. |
| 1:30.7 | Powell's comments come as Trump pressures the Fed for massive cuts while reshaping its leadership. |
| 1:36.6 | The president said today he'll fire the embattled Federal Reserve Governor Lisa Cook if she doesn't step down first over allegations of potential mortgage fraud. |
| 1:45.0 | The FBI conducted a court-authorized search at John Bolton's home as part of a national security investigation. |
| 1:52.0 | That's according to two people familiar with the matter, with a source saying they are now investigating his DC office. |
... |
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