The Federal Reserve is widely expected to trim Interest Rates today for the First Time Since 2008. The only question is by how much. Some believe in a 50 basis point cut, as fed Chairmanjerome Powell has voiced growing concerns about the us economy. Especially inflation, which has remained stubbornly below the feds 2 target, despite unemployment being at the lowest in nearly 50 years. But lately a majority of economists seem to favour a 25 point cut, with another one following in the coming months. And maybe as many as three next year. So why cut at all . Lowering borrowing rates makes it easier for businesses to get loans to invest in new projects, and for consumers to buy homes, cars and other items, which creates demand that keeps the economy humming. Michelle fleury reports from washington. Jerome powell was Donald Trumps pick to run americas central bank, yet he frequently berates him. We dont have a fad that knows what theyre doing. The Federal Reserve raise the rates to fast. He
Live from our studios in singapore and london, this is bbc world news its newsday. Its 7am in singapore, midnight here in london and 1am across Central Europe which is in the grip of a record breaking heatwave. The hottest temperatures ever were experienced in germany and the netherlands this week. While in paris on thursday it was more than 42 degrees celsius thats 108 in farenheight, the highest ever temperature in the french capital. Lucy williamson reports from paris. The city of light has become the city of heat. 42 degrees, just bearable if you are mostly underwater. The government has repeatedly warned people not to stay out in the sun, but with offices and schools closing early, and most homes without air conditioning, not everyone is listening. Its difficult to enjoy it. Here we are in this most amazing city in the world and its tough to want to go and do much. Its very hot. The summer in brazil is not like this. Its hot too but here its too much. This is a short, sharp spike
Time. I really appreciate the way that weve sort of expanded and the lens here. So were focused in in the ways that the individual experience is so nuanced and complicated and affected by by so many decisions that other folks make. So thank you. Again, lets take our panelists. Weve called this years symposium korea the first forever war as a way to focus our attention, the wars lasting legacies. And so in our third and final panel of the day well think about the ways that the war continues to shape world geopolitics military thinking and families. And one of the things that people probably know about the korean war is that it never officially ended hostilities terminated and an armistice signed in 1953 by north korea. The states and china significantly, not by south korea. That armistice made permanent what had been a temporary divide between, north and south korea, and it left an unstable truce in its place. And in the 70 years since, millions of people who through and fought that war
Of this is all in the perspective. So i want to be mindful of our time. I really appreciate the way that weve sort of expanded and the lens here. So were focused in in the ways that the individual experience is so nuanced and complicated and affected by by so many decisions that other folks make. So thank you. Again, lets take our panelists. Weve called this years symposium korea the first forever war as a way to focus our attention, the wars lasting legacies. And so in our third and final panel of the day well think about the ways that the war continues to shape world geopolitics military thinking and families. And one of the things that people probably know about the korean war is that it never officially ended hostilities terminated and an armistice signed in 1953 by north korea. The states and china significantly, not by south korea. That armistice made permanent what had been a temporary divide between, north and south korea, and it left an unstable truce in its place. And in the
So thank you. Again, lets take our panelists. Weve called this years symposium korea the first forever war as a way to focus our attention, the wars lasting legacies. And so in our third and final panel of the day well think about the ways that the war continues to shape world geopolitics military thinking and families. And one of the things that people probably know about the korean war is that it never officially ended hostilities terminated and an armistice signed in 1953 by north korea. The states and china significantly, not by south korea. That armistice made permanent what had been a temporary divide between, north and south korea, and it left an unstable truce in its place. And in the 70 years since, millions of people who through and fought that war have attempted come to terms with it. And while nations have also attempted to deal with the legacies of war left and our panelists here have left or bring wealth of scholarly and practice experience to our discussion of the wars w