Washington Today (5-3-23): Fed raises interest rates 0.25%, suggests possible pause in hikes

Federal Reserve raises interest rates by a quarter percentage point and suggests that its string of interest rates hikes – now at 10 straight – could be paused if high inflation continues to ease.

We hear from Fed Chair Jerome Powell's news conference, not only on interest rates and inflation, but also lessons from the recent bank failures and the effect not raising the country's debt ceiling could have on the economy., with the White House and Congressional Republicans still at odd over whether or not to include spending reforms with a debt limit incrase.

Senate votes on whether to restoring import tariffs on solar panels from four Southeast Asian nations in which Chinese companies have operations. It is latest in a series of votes in Congress to turn to overturn Biden Administration regulations.

Senate Democrats announce they will write legislation designed to limit U.S. capital and technology from going to China, It has been dubbed CHIPS 2.0.

Some Senate Republicans call on the Biden Administration not to let Title 42 expire next week, a public health rule that has kept 2 million migrants from entering the U.S. from Mexico the past few years..

Secretary of State Antony Blinken on this World Press Freedom Day remembers WSJ reporter Evan Gershkovich languishing in a Russia prison.

U.S. reaction to Russia's claims that Ukraine tried to assassinate Russian President Vladimir Putin using drones.

and former Maryland Governor Larry Hogan says he will not run for the U.S. Senate in 2024 in the open seat created by Democratic Senator Ben Cardin's retirement.

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By: C-SPAN
Title: Washington Today (5-3-23): Fed raises interest rates 0.25%, suggests possible pause in hikes
Sourced From: www.youtube.com/watch?v=7MBPxMV7Wu8

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