"Live from NPR News, I'm Dale Willman.
Investors now think the Federal Reserve is likely to raise interest rates as early as
“next month, as Empire Scott Horsley reports the shift comes after a speech Friday morning”
by Fed Chairman Kevin Worsh." Speaking to a gathering of economists and central bankers in Jackson Hole, Wyoming, Worses described the labor market as stable, consumer spending as resilient, and business investment, especially in artificial intelligence, as strong. The source spot in the economy, so far as Worsh's concern, is inflation.
"Flation is running above our 2% target. So the Fed's predominant focus, right now, should be on prices." While Worsh remained tight-lipped about where he thinks interest rates are going, investors took his remarks as a signal that a rate hike could be coming as early as September. Three members of the Fed's rates heading committee were already pushing for a rate hike
at the last Fed meeting when the central bank held its benchmark rate steady. Scott Horsley, in Pair News, Washington. Indigenous leaders are speaking out after President Trump signed an executive order to rename Lake Ontario as Lake America.
“As Sarah Lee See, a member-station K. OSU reports, one tribe in Oklahoma says the name”
change erases a part of their history. "Billy Friend is the Chief of the Wyandot Nation, a tribe now headquartered in northeast Oklahoma, but with history in the Great Lakes region, Friend says the word Ontario predates both Canada and the U.S. and came from his ancestors' language, Wendot. It means the lake is big, or beautiful."
"It's not about politics, it's about history, it's about respecting a tribal name and the people whose language gave that name to the lake." He calls the move another act of forced removal and says he plans to ask Interior Secretary Doug Bergum to reverse the change. For NPR News, I'm Sarah Lee See in Oklahoma City."
President Trump gave the Congressional Space Medal of Honor Friday to NASA's Artemis two astronauts. The crew completed the 10-day mission around the Moon in April.
“The trip broke the distance record for the farthest humans have ever traveled in space.”
"We gather here on these historic grounds out to celebrate the immense courage and service of four intrepid space heroes whose sense of daring and adventure led them further from Earth and anyone has ever traveled before." Trump was speaking in Houston, the flight was also the first human space flight back to the Moon in more than 50 years.
President Trump says his administration has entered into a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of that country's untapped oil reserves. In a social media post, Trump said the deal was negotiated by Secretary of State Marco Rubio and Defense Secretary Pete Heggseth. The Venezuelan government says the deal involves the development of 17 oil fields
of the proven potential of 65 billion barrels.
This is NPR News. A Democratic Congress woman from New Jersey says she'll keep fighting charges that she impeded law enforcement outside an immigration facility last year. As NPR's Kerry Johnson reports, she's now considering all of her legal options. A federal appeals court is allowing the Justice Department's case against Lamanica MacGyver
to proceed for now. The Democrat from New Jersey is charged with assaulting or interfering with law enforcement after an incident at the Delaney Hall facility last May. MacGyver says this is not the end of the road. Her lawyer says they're not afraid to take the case to trial where he predicts Bell
Wynn, MacGyver argues the DOJ's going after her to chill oversight of President Trump's immigration agenda. Her attorney says the Constitution's speech or debate clause should shield her from prosecution,
but a divided panel of the third circuit court of appeals disagreed, allowing the case
to go forward. Kerry Johnson and PR News. Ryan Gerard and Victor Hoffland are tied for the lead going into the weekend at the 3GA Golf Championship underway in Atlanta, Gerard included an 80 foot putt in his Friday round of 65, while Hoffland shot a 66 to join him at 10 under 130.
Colin Moracau and Chris Gauderapeech finished the day with a 67 and a tie at one shot off the pace, Scotty Sheffler and Cameron Young are two strokes back. Stocks were down across the board on Friday, the Dow was down by nine points, and as decked down by 138 points. I'm Dale Wilman and PR News.
This season on Planet Money Summer School, we have drilled for oil and Norway. Mr. Penguin's speaking! I've had another sound of Antarctica, that's a reporter trying to interview a Penguin. We'll explain on Planet Money Summer School, listen on the NPR app or wherever you get your
