Good evening. I'm Jeff Bennett. And I'm Omna Nawaz. On the news hour tonight, the Federal Reserve cuts interest rates amid pressure from the president as the U.S. economy faces an uncertain future.

The United Kingdom honors President Trump with a lavish state visit amid a tense time for foreign relations.

And a panel commissioned by the United Nations determines Israel is committing genocide in Gaza,

as violence escalates and a ceasefire remains elusive.

Virtually the entire community of international human rights lawyers, we've never seen a consensus as clear as this one,

and now this additional report on top of that.

Welcome to the NewsHour.

The Federal Reserve cut its benchmark interest rate today for the first time this year,

dropping it by a quarter point to between 4 and 4.25%.

And the change could have an impact on many lending rates,

including for mortgages, credit cards, and auto loans,

with the Fed also suggesting

two more cuts by the end of the year. Federal Reserve Governor Stephen Myron, the Trump appointee

confirmed by the Senate just a day before the policy meeting kicked off was the loan dissenter,

choosing instead to call for a deeper half-point cut. Today, Federal Reserve Chair Jerome Powell

explained why the rest of the committee opted for a smaller cut. There wasn't widespread support at all

for a 50-bases point cut today. You know, I think we've done very large rate hikes and very large

rate cuts in the last five years, and you tend to do those at a time when you feel that policy is out of place and needs to move quickly to a new place.

That's not at all what I feel certainly now.

I feel like our policy has been doing the right thing so far this year.

I think we were right to wait and see how tariffs and inflation

and the labor market evolved. For insight, we're joined again tonight by Ron Insana, a contributor to

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