News Wrap: Trump Meets Fed Chair Powell, Supreme Court Upholds Oil Expansion, and More

Trump and Federal Reserve Meeting

• 🤝 President Trump and Federal Reserve Chair Jerome Powell held their first in-person meeting, initiated by the president.
• 🏛️ The Fed stated that Powell did not discuss monetary policy expectations and that decisions would be based on nonpolitical analysis.
• 📉 White House Press Secretary Karoline Leavitt confirmed the Fed's statement but added that Trump believes the Fed chair is making a mistake by not lowering interest rates, which he feels puts the U.S. at an economic disadvantage.

Supreme Court and Environmental Impact

• ⚖️ The U.S. Supreme Court backed a multibillion-dollar oil railroad expansion in Utah, reversing a lower court decision.
• 💡 The ruling, authored by Justice Brett Kavanaugh, stated that environmental laws are meant to inform, not paralyze, agency decision-making.
• ⚠️ Environmental groups expressed alarm, calling the decision disastrous, though the project may still face legal hurdles.

Weather and International Relations

• 🌀 Tropical Storm Alvin, the first named storm of the Pacific hurricane season, is churning off the coast of Mexico and is expected to weaken.
• ☀️ The Western U.S. is preparing for its first major heat wave of the season, with over 15 million Americans under heat warnings.
• 🇺🇸 America's envoy to Syria indicated the U.S. plans to declare Syria no longer a state sponsor of terrorism, signaling warming relations.

Capital Jewish Museum Reopening and Swiss Glacier Incident

• 🕊️ The Capital Jewish Museum reopened after two Israeli Embassy employees were killed there, an event being investigated as a hate crime.
• 💪 Museum officials described the reopening as an act of resilience against hate.
• 🇨🇭 In the Swiss Alps, authorities suspended the search for a man missing after a glacier landslide destroyed much of the town of Blatten, with scientists linking such events to global warming.

Market and Policy Updates

• 📈 Stocks on Wall Street ended slightly higher as investors processed news on tariffs.
• 📰 Upcoming segments on PBS NewsHour will cover legal setbacks for Trump's immigration agenda, potential cuts to food stamp benefits, and an art collection reimagining at the Metropolitan Museum of Art.