P.M. Edition for June 24. Israel says its airports were returning to full activity and it was lifting restrictions on civilian movements, after President Trump responded angrily to earlier exchanges of fire aft er the U.S.-brokered truce went into effect. Plus, Federal Reserve Chair Jerome Powell reaffirms his wait-and-see posture on rate cuts. WSJ chief economics correspondent Nick Timiraos discusses the role that a rift within the central bank could play in its next moves. And a bill passed by the Senate last week opens the door to stablecoins being used in consumer payments. We hear from the co-host of WSJ’s Take on the Week podcast and Heard on the Street writer Telis Demos about whether they might become an alternative to credit cards. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.