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1 Federal Reserve Holds Interest Rates Steady Again
Federal Reserve Chair Jerome Powell announced in a press conference yesterday that the Fed had chosen to keep rates high because progress toward lowering inflation has stalled. While inflation is down from the peak of 9.1-percent, it’s still over 3-percent and actually rose in February. The Fed has a target of 2-percent inflation and seems to be determined to stick with higher interest rates until it gets there. This was the fifth meeting of the Fed in a row to keep interest rates at their current level.
2 FAA Wants Boeing Max Planes Inspected For Wiring Flaw That Could Lead To "Loss Of Control"
The plane that lost control and injured dozens of people last week prompted a rule proposal by the Federal Aviation Administration, in part because it wasn’t the first time it happened. Official records show that the same thing happened in 2021, and the FAA’s new rule proposal would require aircraft operators to inspect the wings of around 207 737 Max airplanes in the US for wiring damage over the next three years. There were two other reports filed about the same issue; one in December 2021 and another in November 2022, and the reports seem to match the problem being addressed by the new rule. FAA Administrator Michael Whitaker to tell NBC News’ Lester Holt in an exclusive interview that he believes the manufacturer has let the “culture of safety” slip at its plants in favor of maximizing profits. When asked if he thought Boeing was “too big to fail,” Whitaker responded with “I don’t,” and said they’re too big “to not make a good airplane.”
3 Trump Considering Sen. Marco Rudio As A Potential Running Mate
According to people familiar with former President Donald Trump’s decision-making, Sen. Marco Rubio is moving up the list of potential vice-presidential picks for Trump. It’s a long list, with Trump himself saying last week that the number of people being considered is around 15, including Ben Carson, Sen. Tim Scott, and Rep. Elise Stefanik. If Rubio is chosen, he’d be the first non-white person to ever make a Republican presidential ticket. There is one problem with picking Rubio, though; the Constitution prohibits electors from voting for a president and vice president from their own state, and with both Trump and Rubio being from Florida, that would mean one of them would have to move. It’s been done before; in 2000, Dick Cheney moved to Wyoming to run with fellow Texan George W. Bush.