Federal Reserve Interest Rates, Reports Reveal Iran War Costs, Kennedy Center Closure
Summary
The Federal Reserve is expected to raise interest rates for the first time in three years to combat inflation driven by the Iran war. New reports reveal the conflict has cost over $30 billion, causing significant damage to US bases and depleting key weapon stockpiles. Meanwhile, the Kennedy Center board voted to shut down the historic arts complex, a decision that followed a judge’s ruling against adding President Trump’s name to the building.
Topics discussed
Intro: Fed rate hike and Iran war costs
Preview: Iran war reports and Kennedy Center shutdown
Sponsorships: Bombas, Conservation Fund, Schwab
Fed expected to raise rates due to Iran war inflation
Reports detail $30B+ cost and damage from Iran war
Kennedy Center board votes to shut down complex
Credits and sign-off
Sponsorship: Conservation Fund
Sponsorships: Sierra Club and International Rescue Committee
Listen ad-free on Castria