Day: May 7, 2025

The Federal Reserve holds interest rates steady. Chair Jerome Powell says there still is too much uncertainty in how Trump Administration policies, especially tariffs, will affect the economy, inflation and job growth; Treasury Secretary Scott Bessent testifies before a House committee about his meeting this weekend with Chinese officials on tariffs and trade; more Trump Administration officials go before House Appropriations Subcommittee about their agencies’ budgets, including Energy Secretary Chris Wright, FEMA Acting Administrator Cameron Hamilton and FBI Director Kash Patel; Attorney General Pam Bondi announces the arrest of over 200 alleged child sex predators; Rep. Elise Stefanik (R-NY)
questions the President of Haverford College at a hearing on college
antisemitism; Vice President JD Vance says Russia is “asking for too
much” in peace negotiations with Ukraine; former President Joe Biden talks about war in Ukraine in a BBC Radio interview, his first since leaving office; black smoke comes out the chimney on the Sistine Chapel at The Vatican, meaning no pope elected on the first ballot of the Conclave.

Learn more about your ad choices. Visit megaphone.fm/adchoices

With the conclave underway, PBS News has a live video of the chimney on the Sistine Chapel as the world waits for white smoke that signals a successful vote for a new pontiff.

In our news wrap Wednesday, Ukrainian drone attacks disrupted flights at Moscow’s main airports for a third day, Russian strikes on Ukraine killed two people in Kyiv, hospital officials in Gaza say Israeli airstrikes killed at least 92 people and for the second time in two weeks, a U.S. Navy fighter jet from the U.S.S. Truman fell off the aircraft carrier and into the Red Sea.

Multiple sources report a Drone attack on Port Sudan, SAF air defenses are operating

@DD_Geopolitics Both nations have equal nuclear weapons, never underestimate the under dogs, both India and Pakistan are capable.

#IndiaPakistanWar