RadCasts

The Federal Reserve left its benchmark interest rate unchanged after meeting yesterday, despite repeated pressures from President Trump to cut rates. But not everyone at the Fed was happy about it. On the show today, Marketplace’s Nancy Marshall-Genzer joins Kimberly to fill us in on the recent debate over lowering interest rates and the political tension surrounding the Fed. Plus, thriving raspberry bushes make us smile.

Here’s everything we talked about today:

• "The Federal Reserve leaves interest rates unchanged" from Marketplace 
• "Fed's Powell sticks with patient approach to rate cuts, brushing off Trump's demands" from AP News
• "Could Trump use Fed HQ renovations as a pretext to fire Powell?" from Marketplace 

• "What’s Holding Trump Back From Firing Powell" from The Atlantic

  
  

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Meta and Microsoft shares jumped Thursday morning following strong quarterly earnings, with both companies attributing the gains to AI-driven productivity and revenue growth. Susan Schmidt at Exchange Capital Resources weights in. Also on the show: inflation picked up in June, challenging hopes of a cooldown. Diane Swonk at KPMG explains the implications. And later, Marketplace's Jennifer Pak looks at what Chinese consumers are (and aren't) spending on this summer.