Trump’s Handpicked Fed Chair Defies Him by Hiking Interest Rates

The Federal Reserve raised its benchmark interest rate as expected on Wednesday, marking a sharp policy turnaround for an economy increasingly shaped by the war in the Middle East. Plus, a new report on Defense Secretary Pete Hegseth’s long-standing fixation on what the troops at his speeches look like. Learn more about your ad choices. Visit podcastchoices.com/adchoices