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Fed Raises Rates to Fight Inflation and Trump to Sell Heavy Bombs to Israel
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President Donald Trump has been calling for the Federal Reserve to cut interest rates, but on Wednesday, new Fed Chair Kevin Warsh defied the president, announcing the first rate hike since 2023. NBC News business reporter Allie Canal explains why this decision came now and how American consumers could be affected. Then, the Trump administration is planning a $2.8 billion arms sale to Israel — including 40,000 heavy bombs — according to a U.S. official and a source familiar with the matter, which would be one of the largest deliveries of U.S. munitions to the country. NBC News chief White House correspondent Garrett Haake explains why the Biden administration had paused delivery of these…