The News Roundup For March 24, 2023
1A
NPR
4.3 • 4.5K Ratings
🗓️ 25 March 2023
⏱️ 88 minutes
🧾️ Download transcript
Summary
Despite reports that Donald Trump would be indicted this week – well he hasn't been. At least not yet. The grand jury in Manhattan has been hearing evidence of a hush money payment former President Donald Trump made during the 2016 presidential campaign.
Meanwhile, protests in Israel continued this week. Thousands of people flooded the streets yesterday for a so-called "Day of Shutdown." They were demonstrating against an ongoing overhaul of their country's judicial system by the right-wing government.
.Somalia is one of the poorest countries in the world. It's been battered by years of war and decades of political instability. And now it is facing another drought.
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Transcript
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| 0:00.0 | Hey, it's Jen. Just a quick heads up before we start the show. |
| 0:03.9 | The news is rapidly developing and things may have changed by the time you hear this episode. |
| 0:09.5 | For the very latest news tune into your public radio station and follow updates at npr.org. |
| 0:24.4 | I'm Jen White. You're listening to the 1A podcast and it's time for the news roundup. |
| 0:29.8 | Let's take you first to a courthouse in Manhattan where guess what? |
| 0:34.0 | Nothing much happened this week. So instead let's talk about what did happen. |
| 0:37.9 | And there's lots for us to get to. We're delighted to welcome back our guests who are ready to guide us |
| 0:42.1 | through the week's news. Benji Sarlan is Washington Bureau Chief at Sema 4. Benji, great to have you back. |
| 0:47.9 | Good to be here. Arthur Delaney is a reporter at the Huffington Post. Arthur, thanks for being here. |
| 0:52.7 | That's right. I'm here. And Megan Scully with Bloomberg News is here too. Megan, happy Friday. |
| 0:57.2 | Thanks you too. So let's wind the clock back to Wednesday afternoon. That's when Jerome Powell announced |
| 1:02.1 | that the Fed would be increasing interest rates for the ninth time in a row. And he was blunt about the |
| 1:07.0 | reason why he was raising the rate by a quarter of 1%. We have to bring inflation down to 2%. |
| 1:12.4 | The costs of bringing it down, there are real costs to bring it down to 2%, but the costs of |
| 1:16.3 | failing are much higher. You can have a long series of years where inflation is high and volatile. |
| 1:22.8 | And we're looking to avoid that and to get back to where we need to be back to where we were for |
| 1:28.1 | a quarter of a century and get there as quickly as we can. The Fed chair also affirmed that despite |
| 1:33.1 | recent concern over the stability of the banking system, his plans for the year remain intact |
| 1:37.8 | and that nearly all of the reserves leaders expect to at least one more rate increase to come. |
| 1:43.0 | Megan, what did you take away from this move and the reasons given by Fed Chair Jerome Powell? |
| 1:47.8 | So basically I think Chairman Powell was sending the message that more hikes are necessary to |
| 1:52.5 | quell inflation even if banks are in turmoil. This was a pretty aggressive stance. It could have, |
... |
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