WSJ What’s News DOJ Releases Ghislaine Maxwell Interview Transcript
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Aug 22, 2025 The Justice Department's release of Ghislaine Maxwell's interview transcripts stirs curiosity about her connections. Meanwhile, Federal Reserve Chair Jerome Powell hints at upcoming interest rate cuts, sending U.S. stocks soaring. Retail giants like Walmart and Amazon thrive through strategic value-driven approaches, contrasting with Target's struggles. The economic landscape faces pressures from tariffs and supply challenges, alongside a critical humanitarian crisis in Gaza that demands attention.
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Fed Opens Door To Rate Cuts
- Jerome Powell signaled the Fed may cut rates as soon as September while warning inflation remains above target.
- He emphasized risks to employment from slowing labor demand and tariffs raising goods prices.
Powell’s Cautious Rate-Cut Signal
- Powell cautiously endorsed market expectations of a September cut but avoided promising a long series of cuts.
- The Fed will act only if labor-market deterioration justifies easing, reflecting caution from sustained inflation.
Maxwell Transcript Release Sparks Scrutiny
- The Justice Department released transcripts of a top official's interview with Ghislaine Maxwell amid criticism for earlier document delays.
- The release followed bipartisan outrage over reversed promises to publish more FBI Epstein-probe material.