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Chapter 1: What updates did President Trump provide from the G7 summit?
Live from NPR News in Washington, I'm Ryland Barton. President Trump has wrapped up at the G7 summit in France, where the U.S. 's deal to end the war with Iran was top of mind. The president went through some of the details of that preliminary agreement in a press conference, as NPR's Deepa Shivaram reports.
President Trump laid out some of the broad strokes of his preliminary agreement with Iran at the press conference. Trump said Iran will, quote, work closely with the U.S. to turn over the enriched nuclear material that's buried in facilities deep in the earth.
When we have a chance, we'll do it. But in the meantime, we have cameras on every inch of it. Nobody can do it. And if they do, we'll hit them with Patriots. That's all.
He said the two sides would begin the technical discussions on the nuclear issues immediately. Any economic relief for Iran as a result of the deal, Trump said, will be based on merit and it won't come from the U.S., though he says other nations may be able to invest in Iran. Deepa Shivaram, NPR News.
The Federal Reserve decided to hold its benchmark interest rate steady today as soaring energy prices have pushed inflation to its highest level in more than three years. It was Fed Chair Kevin Warsh's first rate decision, and the central bank hinted its next move could be a rate increase. And here's Scott Horsley has more on how the Fed sees the U.S. economy.
I think it's just too early to know. Gas prices have come down from their recent peak, but AAA says the average price of gas is still more than a buck a gallon higher than it was when the war started. And, you know, even if tankers start moving freely through the Strait of Hormuz, energy analysts say it could take months before the market stabilizes.
So Fed policymakers are projecting slower growth and higher inflation than they were a few months ago, as well as higher interest rates. You know, the rate forecasts are usually illustrated with little dots on a chart called the dot plot. But worse costs and all of those forecasts should be taken with a big grain of salt.
NPR's Scott Horsley reporting. Federal prisoners have the right to file a grievance to seek to solve a problem, like stopping abuse by a guard or another prisoner, or asking for urgent medical care. NPR's Joseph Shapiro reports an analysis by the Marshall Project, and NPR shows the system rarely works in favor of prisoners.
NPR and the Marshall Project looked at records of nearly a million cases going back 24 years. In 2023, the last full year of records, fewer than 2% of cases got decided in favor of the prisoner and just 1% of appeals for medical care. Many cases get decided on technicalities, not on their merits.
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Chapter 2: What economic implications arise from the Federal Reserve's interest rate decision?
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