NPR News: 05-23-2026 4AM EDT
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What recent changes have occurred in the Federal Reserve leadership?
Live from NPR News, I'm Dan Ronan. Kevin Walsh is the new chairman of the Federal Reserve. He was sworn in Friday at the White House pledging to remain independent. President Trump said numerous times he wants the Fed to cut interest rates and that former chairman Jerome Powell kept rates too high, which Trump claims slowed the economy.
Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that's a good thing. We don't have to go crazy. Just let it boom. We want it to boom. We want it to be like nobody has ever had before because we do have some debt we'd like to take care of. And the way you do that is through growth. We're going to grow our way out of it so fast. And Kevin, somebody, and I feel strongly also, we don't want to see it stifled. We want to stop inflation, but we don't want to stop greatness.
Two Democratic senators are demanding answers from the Treasury Department about the decision to settle a case over the leak of President Trump's tax returns. NPR's Kerry Johnson reports.
Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon are writing officials at the Treasury Department to get more detail about what they call an outrageously corrupt deal that creates a nearly $2 billion taxpayer fund that could compensate January 6th rioters and other Trump allies. The senators want the Inspector General for Tax Administration to probe whether any laws have been broken that bar political interference in the audit work of the IRS. Acting Attorney General Todd Blanch is defending the settlement, asserting Trump and his family will not receive any direct financial benefit. But the deal also seems to shield Trump from any legal problems over his past tax returns. Carrie Johnson, NPR News, Washington.
Authorities are banning funeral wakes in parts of the Democratic Republic of Congo. This to curb the spread of Ebola after some 750 suspected cases. NPR's Michael Koloke reports.
Officials in the eastern Congolese province of Ituri said that moving forward, burials in the area would be done only by specialized teams and that public gatherings would be limited to a maximum of 50 people. Congolese authorities made the announcement a day after local residents clashed with police while trying to recover the body of a patient who had died at a local hospital. The World Health Organization recently issued a call to countries affected by the Ebola outbreak to ensure that burials are conducted by well-trained personnel to reduce the risk of infection. Meanwhile, Rwanda's government also announced it would deny entry to foreign nationals who had traveled to the Democratic Republic of Congo within 30 days prior to their arrival in Rwanda.
in Nairobi.
At least 82 miners have died. Dozens more are reported trapped in northern China after a gas explosion Friday, according to the country's official news agency. Leaders in China are calling for an all-out effort to rescue the missing miners. This is NPR News. Sheehan, the retail giant, is selling the ultra-fast fashion, is buying Everline, a clothing brand targeting millennial shoppers on the promises of sustainable fashion and ethical factories. NPR's Elena Chaluki has more.
The news of the deal has ricocheted around the fashion world because Everlane and Sheehan are a case of opposites attract. Everlane had built its brand around, quote, radical transparency into how it made the clothes and how it priced them. Everlane clothes are minimalist basics and natural fabrics, the category of affordable luxury. Meanwhile, Shein is huge. It's fast fashion. It's the hottest TikTok microtrends with $10 skirts and $15 dresses. It's faced allegations of unethical labor practices. But Sheehan's purchase is a lifeline for Everlane, which has mounting debt and intense competition. Everlane's CEO says the brand, even under Sheehan, would remain independent and committed to sustainability.
Alina Seluk, NPR News.
The president of the Maryland State Senate now says he's open to having the state redraw its congressional lines in 2027, this to possibly eliminate the only Republican-held congressional district and give Democrats an opportunity to add another seat in 2028.
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