Live from NPR News, I'm Giles Snyder.
The Federal Reserve defied President Trump and raised its benchmark interest rate by a quarter point Wednesday.
The decision marks the first time in more than three years that the central bank has raised rates.
NPR's Scott Horsley on what's behind the move.
In a word, inflation, and that is largely due to the U.S.
War with Iran.
Back in February, before the war started, inflation had fallen to just 2.4 percent.
It looked to be headed towards the central bank's target of 2 percent.
But with the fighting in the Strait of Hormuz, crude oil prices have soared.
Gasoline and diesel prices are way up.
And last month, inflation was clocked at 3.4 percent.
President Trump blasting the Fed in North Carolina for a midterm campaign rally.
Trump said he still has confidence in the Fed chairman, Kevin Warsh.
But that the board as a whole is very hostile towards his administration.
A federal judge in Washington, D.C., is expecting to hear from the Trump administration later this morning.
Democratic Congresswoman Joyce Beatty has filed a request for an emergency court hearing
regarding the Kennedy Center after the center's board shut down the complex's main building.
NPR's Anastasia Siolka says more.
Representative Beatty, Democrat from Ohio, is asking the federal court to force the board, including its chairman,
President Trump, to explain why they closed the Kennedy Center so suddenly in what appears