NPR News: 07-16-2025 5PM EDT
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Is President Trump planning to fire Fed Chair Jerome Powell?
Live from NPR News in Washington, I'm Windsor Johnston. President Trump appears to be sending mixed messages over whether he'll attempt to fire Fed chair Jerome Powell. NPR's Steve Shivaram reports Trump has publicly railed against Powell for months for not lowering interest rates.
Taking questions from reporters in the Oval Office, Trump said he's not planning on firing Powell.
He's a terrible he's a terrible Fed chair. I was surprised he was appointed. I was surprised frankly that Uh Biden put him in and extended him. But uh they did. So no, we're not planning on doing anything.
Will the Senate’s amendment process protect funding for public broadcasting?
Trump originally appointed Powell to the position. When asked if he's ruled out firing him, Trump said he hasn't ruled anything out, but it would be highly unlikely unless there was a case of fraud. Trump also said that he floated the idea of firing Powell to some Republican lawmakers and received support from them. A senior White House official who spoke on the condition of anonymity tells NPR that Trump indicated to lawmakers that he will fire Powell soon. Deepa Shivaram, NPR News.
The Republican-led Senate is weighing amendments to a more than nine billion dollar package of spending cuts targeting funds that were already approved by Congress. NPR's Scott Newman reports the takebacks requested by the Trump administration include funding for the corporation for public broadcasting.
The Senate today began what's called a vote arama, a rapid fire session where lawmakers can offer an unlimited number of amendments to the package. Nevada Democrat Catherine Cortez Masto introduced a motion to remove the cuts to public broadcasting, but it failed on a largely party line vote. The Trump administration is asking for the elimination of money to NPR PBS and their member stations because of what it says is political bias.
How are wholesale prices and the stock market reacting to recent economic data?
The networks have denied the accusation. Also at stake are foreign food and health programs. Scott Newman, NPR News, Washington. Washington.
The Labor Department reported that wholesale prices held steady last month, and PR Scott Horsley reports stocks on Wall Street today traded higher.
Wholesale prices barely budged between May and June. The wholesale price of goods jumped during the month, but that was offset by the falling price of services. Over the last 12 months, wholesale prices are up 2.3%. The news comes a day after the Labor Department reported a jump in inflation at the retail level last month, which is fueled in part by President Trump's double-digit tariffs. Stock in Johnson and Johnson rose.
Is a tropical disturbance poised to become a storm and trigger flood watches on the Gulf Coast?
After the company reported better than expected quarterly profits, J and J also raised its forecast for the full year. The Drug and Medical Device Maker says it expects some game changing approvals in the second half of the year. Asian stocks were mostly down overnight. Scott Horsley, MPR News, Washington.
At the close on Wall Street, the Dow was up two hundred thirty-one points, the Nasdaq up fifty-two. This is NPR News. A tropical disturbance is making its way across the Gulf Coast. The National Weather Service has issued a flood watch for parts of Florida and Louisiana as the storm dumps heavy rain on those regions. Forecasters say if the system gains enough strength, it could become a tropical storm. British scientists are reporting that they can safely prevent certain devastating inherited disorders by creating so called three parent babies.
Can three‑parent embryos prevent deadly inherited disorders without creating designer babies?
NPR's Rob Stein has the story.
Doctors at Newcastle University say they helped families plagued by rare but often terrible inherited diseases known as mitochondrial disorders give birth to eight apparently healthy babies. They did it by mixing most of the genes of the parents who want healthy children into an egg containing a small amount of healthy DNA from another woman to prevent. Produce a healthy baby with genetic material from three different people. The research is being hailed as a breakthrough in the quest to use new genetic technologies to prevent inherited diseases, but some worry the work could lead to troubling consequences, including so-called designer babies, Rob Stein and Pure News.
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Chapters
5 chapters
1
Is President Trump planning to fire Fed Chair Jerome Powell?
0:00–0:41
2
Will the Senate’s amendment process protect funding for public broadcasting?
0:41–1:51
3
How are wholesale prices and the stock market reacting to recent economic data?
1:51–2:34
4
Is a tropical disturbance poised to become a storm and trigger flood watches on the Gulf Coast?
2:34–3:29
5
Can three‑parent embryos prevent deadly inherited disorders without creating designer babies?
3:29–4:39