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Chapter 1: What is the main topic discussed in this episode?
Live from NPR News in Washington, I'm Dave Mattockley.
Chapter 2: What are the latest updates from the Federal Reserve regarding interest rates?
The Federal Reserve is expected to leave U.S. interest rates unchanged when it wraps up its latest policy meeting today in Washington. NPR's Scott Horsleep says this will likely be the final rate-setting meeting for Fed Chair Jerome Powell.
Powell's term as Fed chair is set to expire in mid-May, and it now looks as if President Trump's pick to replace Powell will win Senate confirmation in time to take over before the next rate-setting meeting in June. The Senate Banking Committee is set to vote this morning on Kevin Warsh's nomination to be the next Fed chair.
North Carolina Republican Tom Tillis dropped his opposition to that vote after the Justice Department agreed to end its criminal investigation of the Fed. which was widely seen as part of a White House pressure campaign. President Trump has repeatedly called on the Fed to lower interest rates.
Many Fed policymakers are reluctant to do so, however, so long as inflation remains elevated and the war with Iran is putting more upward pressure on prices. Scott Horsley, NPR News, Washington.
Britain's King Charles and Queen Camilla are scheduled to travel to New York City today as part of their ongoing state visit to the U.S. Their day will include a stop at the September 11th memorial ahead of the 25th anniversary of the terror attacks. Yesterday, the king became only the second monarch to address Congress. His mother, Queen Elizabeth, did so back in 1991.
Here's NPR's Lauren Frayer.
King Charles emphasized interfaith values, diversity, and checks on executive power. He called for more support for Ukraine and said the only time NATO's collective defense was triggered was for America after 9-11. And he called for collective strength.
To support victims of some of the ills that so tragically exist in both our societies today.
A royal aide tells NPR the king intended that line to be about Jeffrey Epstein's victims. The aide spoke on condition of anonymity because they're not allowed to speak publicly. A member of Congress asked Charles to meet some of those victims, but no such meeting is on his schedule.
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