Federal Reserve comes under pressure as interest rate decision looms

美联储面临压力,加息决定即将揭晓。

Business Matters

2025-08-21

55 分钟
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The Chair of the Federal Reserve chair are under scrutiny from Donald Trump after fraud allegations emerge about Governor Lisa Cook. How will it affect the interest rate decision? The authorities in Pakistan's commercial capital Karachi have declared an emergency and a public holiday after monsoon rains paralysed the city. We hear from the local business owner. Sony PlayStation increased the price on its console. Is it one of the consequences of the trade war? And we look at Denmark's decision to tax cow and sheep burps for greenhouse gas reasons. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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  • It's Midnight GMT. Hello, I'm Rahul Tandon,

  • and this is Business Matters here on the BBC World Service.

  • Today, we're live in the world's two largest democracies, the US and India.

  • Coming up, Donald Trump steps up his attacks on the US central bank,

  • the Federal Reserve, calling on Fed Governor Lisa Cook to resign over allegations of mortgage fraud.

  • It would mark the second high-level vacancy on the Fed board in recent months,

  • giving Donald Trump a rare opportunity to reshape the institution with loyalists.

  • But she says she has no intention of being bullied out of her position.

  • And we'll look at how the floods in Pakistan's economic capital, Karachi, are affecting businesses.

  • We were thriving.

  • We were doing very good.

  • And this national calamity came along.

  • It really disrupted our motion.

  • But we have to just dust our hands, pick ourselves up and continue.

  • That's Business Matters First, the latest BBC News.

  • Hello, I'm David Harper with the BBC News.

  • The lower house in the US state of Texas has approved a bitterly divisive bill redrawing electoral boundaries in a way that favours the Republican majority.

  • The new map is designed to switch five seats in the narrowly divided US Congress from the Democrats to the Republicans in midterm elections next year.

  • Arunade Mukherjee is in Washington.

  • Plans for redistricting in Texas ahead of time have been pushed by President Donald Trump in the hope that it will give Republicans more representation in the House of Representatives,