Fed Holds Rates Steady Despite Trump’s Wishes and GDP Rebound, Khalil Legal Showdown: AM Update 7/31

Fed Chair Jerome Powell holds interest rates steady despite internal dissent and pressure from President Trump, even as GDP beats expectations. Journalist Margot Cleveland breaks down the “bonkers” legal mess surrounding Mahmoud Khalil, where a district judge is overriding immigration courts. NYC Democratic mayoral candidate Zohran Mamdani faces backlash over past anti-police comments, while his poll numbers surge.
 

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