The Federal Reserve voted to raise interest rates by a quarter-point, marking its first rate hike since 2023. The increase was approved unanimously by the Fed board Wednesday, with an indication that another is coming as part of an effort to combat inflation, largely driven by high oil prices brought on by the war with Iran. President Donald Trump lashed out at the Fed over the decision. Morning Joe economic analyst Steve Rattner joins the panel to explain why he says President Trump is actually responsible for the Fed’s rate increase.
Canadian Prime Minister Mark Carney is welcoming the European Union's proposal for Canada to become an “associate member.” Also, the Federal Reserve hiked interest rates a quarter point yesterday as the U.S. economy grapples with inflation. Cato Institute VP of General Economics Scott Lincicome, Lecturer at the Yale School of Management Gautam Mukunda, and Axios Chief Economic Correspondent Neil Irwin join Stephanie Ruhle to discuss.
Newly-surfaced photos appear to show President Trump looking at documents titled "Kennedy Center Demolishment." Trump's focus on the performing arts center comes as the GOP struggles to gain ground ahead of the midterms. Mark McKinnon, former Adviser to George W. Bush, and Semafor Congressional Bureau Chief Burgess Everett join Stephanie Ruhle to discuss just weeks away from the midterms.
The House of Representatives has voted unanimously to end penny production in the United States.
The Common Cents Act, which would end penny production in the United States and implement cash rounding, has passed the House with unanimous bipartisan support. PULSE POINTS WHAT HAPPENED: - DETAIL: On Monday, the House passed the Common Cents Act, which aims to permanently halt the production of U.S. pennies and would require cash transactions to round to the nearest nickel. Both Democrats and Republicans supported the bill in a unanimous decision. Pennies already in circulation will remain legal tender. The bill follows the U.S. Mint’s decision to halt penny production in November 2025, a move initiated by President Donald J. Trump, who has referred to the penny production process as “wasteful.” Each U.S. penny costs 3.69…Open
The Trump administration has announced visa restrictions targeting South African officials accused of enabling racial discrimination, land seizures, and inciting violence against minority groups.
The Trump administration has announced visa restrictions targeting South African officials accused of enabling racial discrimination, land seizures, and inciting violence against minority groups. PULSE POINTS WHAT HAPPENED: The Trump administration announced new visa restrictions targeting South African officials accused of enabling race-based discrimination, uncompensated land seizures, and incitement of violence against minority groups, especially white South Africans and the Dutch-descended Afrikaner group, sometimes referred to as Boers. Secretary of State Marco Rubio stated that these measures are being implemented under Section 212(a)(3)(C) of the Immigration and Nationality Act. DETAIL: The restrictions apply to individuals…Open
