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Chapter 1: What is the main topic discussed in this episode?
Live from NPR News, I'm Giles Snyder.
Chapter 2: What deal did President Trump announce at the G7 regarding Iran?
President Trump says everyone he met at the G7 in France loves a deal he's agreed to with Iran. For his part, French President Emmanuel Macron said it does not resolve everything but is key for the global economy. As NPR's Michelle Kellerman reports.
President Trump has faced a lot of criticism from Iran hawks for signing a deal that focuses on the Strait of Hormuz and starts a 60-day clock to negotiate over Iran's nuclear program, which was the initial reason for launching the war. But Trump says only, quote, stupid people want him to continue dropping bombs.
And it's a memorandum of understanding. If it doesn't get done in 60 days, that's all right. We go back to bombing.
You know, I don't want to do that because it's so good. He says the U.S. won't give Iran any money under the deal, but the agreement does pave the way for sanctions relief and investments from the region. Michelle Kellerman, NPR News, the State Department.
Back in Washington, D.C., new Federal Reserve Chairman Kevin Warsh pledged Wednesday to get inflation under control.
Persistently high prices are a burden for the American people. But the recent past need not be prologue. I am pleased to report... that members of the FOMC are unambiguous and unanimous. This committee will deliver price stability.
The Fed held its benchmark interest rate steady, but stocks tumbled after policymakers signaled they may have to raise interest rates by the end of this year. The S&P 500 slumped 1.2%. The Dow gave back morning gains to finish with a drop of 1%. And the Nasdaq closed down 1.3%.
Stock steady in Asia with Japan's benchmark Nikkei share average rallying to another record high above the 71,000 mark for the first time. Health and Human Services Secretary Robert F. Kennedy Jr. announced $700 million in funding Wednesday for addiction recovery and mental health services. Kennedy chose a battleground congressional district in Michigan to make the announcement.
From KFF Health News, Kate Wells reports.
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Chapter 3: How is the Federal Reserve addressing inflation concerns?
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