Michelle Martin

The market is kind of like, ah! And the consumer's like, uh, and the Fed's job in that environment is to be the one to say, please remain seated with your seatbelt fastened until the pilot indicates it is time to move about the cabin.

Yeah, and there was some good news on inflation yesterday, but that was largely drowned out by the tariff talk. Would you say more about that?

Yeah, and there was some good news on inflation yesterday, but that was largely drowned out by the tariff talk. Would you say more about that?

Yeah, and there was some good news on inflation yesterday, but that was largely drowned out by the tariff talk. Would you say more about that?

And there is concern that progress on inflation could be stalled by the trade war. Isn't that right?

And there is concern that progress on inflation could be stalled by the trade war. Isn't that right?

And there is concern that progress on inflation could be stalled by the trade war. Isn't that right?

If you start to see a recession coming, you should lower the rates. If you see prices rising and the inflation rate going up, you should raise the rates. If there's a lot of uncertainty, you should wait and do nothing.

If you start to see a recession coming, you should lower the rates. If you see prices rising and the inflation rate going up, you should raise the rates. If there's a lot of uncertainty, you should wait and do nothing.

If you start to see a recession coming, you should lower the rates. If you see prices rising and the inflation rate going up, you should raise the rates. If there's a lot of uncertainty, you should wait and do nothing.

That is NPR's Scott Horsley. Scott, thank you.

That is NPR's Scott Horsley. Scott, thank you.

That is NPR's Scott Horsley. Scott, thank you.

The Speaker of the House is starting his day on a win.

The Speaker of the House is starting his day on a win.

The Speaker of the House is starting his day on a win.

And our congressional correspondent Deirdre Walsh is with us now. Good morning, Deirdre. Good morning, Michelle. So as I understand it, House Speaker Mike Johnson didn't have the votes on Wednesday, but got it through yesterday. So what happened?

And our congressional correspondent Deirdre Walsh is with us now. Good morning, Deirdre. Good morning, Michelle. So as I understand it, House Speaker Mike Johnson didn't have the votes on Wednesday, but got it through yesterday. So what happened?

And our congressional correspondent Deirdre Walsh is with us now. Good morning, Deirdre. Good morning, Michelle. So as I understand it, House Speaker Mike Johnson didn't have the votes on Wednesday, but got it through yesterday. So what happened?

So about this $1.5 trillion in cuts, there's already discussion about a big chunk of those cuts coming from Medicaid, which is the health care program for low-income people, elderly people, and disabled people.