CNN 5 Things Fed’s rates dilemma, ‘enemy combatants’ label, Met Gala preview & more
May 2, 2025
President Trump is urging the Fed to cut interest rates following a positive jobs report, stirring economic discussions. The ongoing war in Ukraine is expected to persist, as noted by Vice President JD Vance. Trump also plans to challenge Harvard's tax exemption status. A redefining of 'enemy combatant' may include cartel and gang members in the U.S. Meanwhile, excitement builds for the upcoming Met Gala, which will celebrate black style and menswear, co-chaired by influential figures in the community.
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Fed's Interest Rate Dilemma
- The Fed faces a tough choice between lowering rates due to jobs growth and raising them to fight inflation from tariffs.
- This dilemma highlights conflicting economic signals in the U.S. economy right now.
Ukraine War Talks Reality
- The war in Ukraine won't end soon despite peace talks and direct calls between Trump and Putin.
- President Trump made what was called a breakthrough, but actual peace depends now on Russia and Ukraine.
Harvard Tax Exemption Conflict
- Trump threatens to strip Harvard of tax exemption over anti-Semitism and policy disputes.
- Harvard counters this may endanger education and vows to maintain independence and constitutional rights.