CNN 5 Things Rate cuts hint, John Bolton raided, rainbow crosswalk removed & more
Aug 22, 2025
Federal Reserve Chair Jerome Powell hints at possible interest rate cuts, aligning with pressure from President Trump. An FBI raid targets John Bolton's home and office. Texas inches closer to finalizing its congressional redistricting plan. Crime stats raise eyebrows as GOP states send more National Guard to D.C. Meanwhile, outrage erupts over the removal of a rainbow crosswalk in Orlando, a symbolic LGBTQ memorial, igniting a debate between residents and state officials.
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Fed Signals Possible Rate Cuts
- Jerome Powell signaled the Fed may cut interest rates soon amid a weakening job market.
- He warned tariffs are already pushing up consumer prices and could worsen inflation uncertainty.
Bolton's Home Searched By FBI
- The FBI searched John Bolton's home and investigated his D.C. office in a national security probe.
- Sources say the probe relates to whether classified material was disclosed in his 2020 book.
Redistricting Battle Between States
- Texas could gain up to five House seats with a redistricting bill heading to the governor.
- California Democrats quickly approved maps that could net them five favorable districts in response.