Today’s Headlines: After a year of publicly badgering Fed Chair Jerome Powell for not bending interest rates to his personal preferences, the Trump administration is now having the DOJ investigate Powell over his testimony about renovations to the Fed’s DC headquarters. Powell responded with a rare straight-to-camera video accusing Trump of using the probe as retaliation for not manipulating rates. Meanwhile, the Defense Department announced it’s taking a $150 million preferred equity stake in ATALCO, the only major U.S. producer of gallium — a critical mineral used in military radar and satellites — in a move that looks a lot like soft nationalization but for national security. Arizona Sen. Mark Kelly is suing Defense Secretary Pete Hegseth after Hegseth tried to strip him of his Navy captain rank and retirement benefits, a fight that is very much still unfolding. Trump’s EPA also announced it will stop factoring in lives saved and health benefits when setting air pollution regulations, which feels like an interesting new definition of “cost-benefit analysis.” In labor news, roughly 15,000 nurses at major NYC hospitals went on strike demanding safer staffing ratios, better pay, and improved security — aka the bare minimum to keep hospitals functioning. On the tech-politics crossover beat, Meta named Dina Powell McCormick — former Trump deputy national security adviser and wife of GOP Sen. David McCormick — as its new president and vice chair, a hire Trump was thrilled to personally endorse online. Elsewhere, a 19-year-old appeared in federal court on arson charges for allegedly setting fire to Mississippi’s historic Beth Israel Congregation synagogue, and former Democratic Rep. Mary Peltola announced she’s running for Alaska’s U.S. Senate seat in 2026, giving Dems at least one race to daydream about.

Resources/Articles mentioned in this episode:

WSJ: U.S. Prosecutors Are Investigating Fed Chair Jerome Powell

Bloomberg: Trump Administration Takes Stake in Critical Mineral Firm ATALCO

Axios: Mark Kelly hits Hegseth with lawsuit over Navy rank demotion threats

NYT: E.P.A. to Stop Considering Lives Saved by Limiting Air Pollution

NYT: Nearly 15,000 Nurses Go on Strike at Major New York City Hospitals

Alaska Public: Mary Peltola enters Alaska U.S. Senate race

NYT: New York Seeks Ban on A.I.-Generated Images of Candidates

CNBC: Meta names former Trump advisor Dina Powell McCormick as president, vice chair

Clarion Ledger: Hearing set for Madison County man accused of setting fire at Beth Israel in MS

Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson


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