NPR News: 05-23-2026 1AM EDT
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Who is the new chairman of the Federal Reserve and what are his priorities?
Live from NPR News, I'm Dan Ronan. Kevin Warsh is now the new chairman of the Federal Reserve. He was sworn in Friday at the White House while pledging to remain independent. President Trump has said numerous times he wants the Fed to cut interest rates and that the former chairman, Jerome Powell, kept the rates too high, which he claims slowed the economy. After the swearing-in ceremony, Warsh outlined his mission.
While I'm not naive about the challenges we face, I believe, Mr. President, these years can bring unmatched prosperity that will raise living standards for Americans from all walks of life. And the Fed has something to do with it. Our mandate at the Fed is to promote price stability and maximum employment.
The swearing-in ceremony was the first time in early 40 years a new Fed chairman did not take the oath of office at the Federal Reserve, instead opting for an event at the White House. NATO foreign ministers gathered in Sweden amid conflicting announcements from Washington about troop presence in Europe. Terry Schultz reports Secretary of State Marco Rubio says European governments should not be surprised by coming cuts.
As Secretary of State Rubio flew to Sweden to meet his 32 NATO counterparts, President Trump issued a message on Truth Social canceling an earlier announcement that some 4,000 U.S. troops would not be deployed as planned on a rotation to Poland. Instead, Trump said 5,000 would be sent to Poland. While the reversal was welcomed by Rubio's European counterparts, he warned them reductions are in fact coming.
That work was already ongoing, and it's been done in coordination with our allies. I'm not saying they're going to be thrilled about it, but they certainly are aware of it.
Rubio said he could not share details of what capabilities or forces the U.S. would cut in Europe, as that's handled by the Pentagon. For NPR News, I'm Terry Schultz in Helsingborg.
A pair of explosions rocked a shipyard on Staten Island Friday afternoon, killing one person and injuring dozens of others. Bruce Kornweiser reports.
A mid-afternoon explosion sparked a fire on a commercial shipyard. Dozens of firefighters and emergency workers responded to the call, but shortly after their arrival, a second blast tore through the facility. One person was killed. More than 30 first responders were hurt in the blast, including a fire marshal who was seriously injured. The cause of the explosion is unknown, but an investigation is underway. Mayor Zoran Mamdani praised the first responders during an afternoon press conference. He said they do what they always do, which is to run towards danger so that others can flee to safety. For NPR News, I'm Bruce Convisor in New York.
A federal judge in Nashville has dismissed human smuggling charges against Kilmar Abrego-Garcia. He's the Maryland man who was mistakenly deported last year to El Salvador and served time in a maximum security prison in that country before eventually being returned to the United States. The Justice Department plans to appeal. This is NPR News. The driverless car company Waymo has suspended services in Atlanta and Texas after one of its vehicles was stranded by flooding during recent heavy rains. From member station WABE, Christopher Alston reports more storms are expected.
A Waymo vehicle got stuck during a downpour in Atlanta on Wednesday that flooded streets and even part of a downtown highway. The company says the vehicle was not occupied and was later recovered. At least one other Waymo vehicle was waylaid during the storm. Waymo serves only the city of Atlanta in Georgia and services several cities in Texas. The company said in a statement it's paused service in Texas out of an abundance of caution for the forecasted severe weather. Waymo has not confirmed when service will resume in either state. The National Weather Service says rain and thunderstorms are expected across much of the central and southeastern U.S. over the weekend, with the possibility of some turning severe.
For NPR News, I'm Christopher Alston in Atlanta.
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