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NPR News: 07-29-2026 3PM EDT

Jul 29, 2026 · 4m

Summary

The Federal Reserve holds interest rates steady despite inflation pressures from the U.S.-Iran conflict, while three members dissented. The Trump administration is ending Medicare drug subsidies early, potentially raising premiums for seniors. Meanwhile, wildfires force mass evacuations in southern Europe, and an earthquake kills 18 in Japan. Finally, the Supreme Court is asked to dismiss a defamation verdict against Trump, and a new AI art museum opens in Los Angeles.

Topics discussed

Schwab investment advertisement Federal Reserve holds interest rates steady Trump administration ends Medicare drug subsidies Wildfires rage across southern Europe Search operation continues after Japan earthquake Trump asks Supreme Court to dismiss defamation verdict New AI-generated art museum opens in Los Angeles Sign-off and State of the World promo
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