
News Wrap: Federal Reserve holds the line on interest rates
Clip: 1/31/2024 | 4m 24sVideo has Closed Captions
News Wrap: Federal Reserve holds the line on interest rates
In our news wrap Wednesday, the Federal Reserve held steady on interest rates, Israel's prime minister met with families of hostages held in Gaza, the U.N.'s top court rejected most of Ukraine's legal case against Russia, FBI Director Christopher Wray warns Chinese government hackers are going after infrastructure and House Republicans move to impeach DHS Secretary Mayorkas over border security.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

News Wrap: Federal Reserve holds the line on interest rates
Clip: 1/31/2024 | 4m 24sVideo has Closed Captions
In our news wrap Wednesday, the Federal Reserve held steady on interest rates, Israel's prime minister met with families of hostages held in Gaza, the U.N.'s top court rejected most of Ukraine's legal case against Russia, FBI Director Christopher Wray warns Chinese government hackers are going after infrastructure and House Republicans move to impeach DHS Secretary Mayorkas over border security.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorshipkeeping them at a 22-year high.
Policymakers# hinted that cuts might be coming later this## year,but not immediately.
Fed Chair Jerome# Powell said he first wants further signs## that inflation will keep falling to# the Central Bank's target of 2 percent.
JEROME POWELL, Federal Reserve Chairman:# We want to see more good data.
It's not## that we're looking for better data.
It's# -- good data that we have been seeing.
It's not# that the six-month data isn't low enough.
It## is.
It's just a question of, can we# take that with confidence that we're## moving sustainably down to 2 percent?# That's really what we're thinking AMNA NAWAZ: Fed officials have# indicated they could cut rates## three times this year by a quarter-point# each, but they have In Israel, Prime Minister Benjamin Netanyahu# met with families of hostages still held## in Gaza.
His office said he told them that# efforts are under way to free the captives,## but offered no details.
In Gaza, Israeli# military video showed continued heavy## combat around Khan Yunis in the south.# Gunfire reverberated outside hospitals.
The U.N.'s International Court of Justice has# rejected most of Ukraine's legal case against## Russia.
Today's ruling dismissed claims that# Moscow bankrolled Ukrainian separatists and## discriminated against annexed Crimeans.
The# court did find that Russia illegally invaded## Ukraine two years ago, but the Russians# are expected to ignore that ruling.
At the same time, the two sides swapped# some 400 prisoners of war today.
That## came a week after the downing of a Russian# plane purportedly carrying Ukrainian POWs.
In Pakistan, former Prime Minister Imran Khan# was sentenced to another 14 years in prison,## this time on corruption charges.
He's# already serving three years for corruption,## and yesterday he was sentenced# to 10 years for revealing state## secrets.
All of this comes days# before parliamentary elections.
Back in this country, FBI Director Christopher# Wray sounded a warning today that Chinese## government hackers are going after critical# infrastructure in the U.S.
He told a House## hearing that electrical grids, transportation# and water treatment plants are targets.
CHRISTOPHER WRAY, FBI Director: And# the risk that poses to every American## requires our attention now.
China's hackers# are positioning on American infr preparation to wreak havoc and cause# real-world harm to American citizens## and communities if and when China# decides the time has come to strike.
AMNA NAWAZ: Also today, the FBI and Justice# Department announced they disrupted a Chinese## hacking operation that used hundreds of home and# office routers in the U.S. to cover their tracks.
House Republicans are pressing ahead to# oust Homeland Security Secretary Alejandro## Mayorkas over border security.
Early today,# the House Homeland Security Committee approved## two articles of impeachment in a party-line# vote.
The full House could vote next week.
Republicans say Mayorkas has# refused to enforce immigration## laws.
Democrats say it's all a political stunt.
A major federal study has tied contaminated# water at Camp Lejeune in North Carolina to## sharply higher risk of various# cancers.
It finds the risk was## at least 20 percent higher from Marines# stationed there between 1975 and 1985## compared with other bases.
It is the largest# study of its kind ever done in the U.S. And on Wall Street, stocks sank as the Federal# Reserve signaled that interest rate cuts won't## come as soon as the market hoped.
The Dow Jones# industrial average lost 317 points to close## at 38150.
The Nasdaq fell nearly 346 points, 2# percent, and the S&P 500 was down 1.6 percent.
Still to come on the "NewsHour":## new reporting reveals former NFL players# we drought lowers water levels in the Panama Canal,# causing a major disruption to global trade;## the exploding popularity of a new literary genre# that mixes romance and fantasy; plus much more.
Conservative Trump critic discusses his impact on the GOP
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Clip: 1/31/2024 | 8m 21s | Conservative Trump critic discusses his impact on the GOP and a divided America (8m 21s)
Former NFL players denied compensation for brain trauma
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Clip: 1/31/2024 | 4m 11s | Former NFL players denied compensation for brain trauma (4m 11s)
Lawmakers accuse Big Tech of failing to protect children
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Clip: 1/31/2024 | 11m 24s | Lawmakers grill Big Tech executives, accusing them of failing to protect children (11m 24s)
Panama Canal drought causes global disruptions
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Clip: 1/31/2024 | 6m 4s | Panama Canal drought causes global disruptions (6m 4s)
Popular new literary genre mixes romance and fantasy
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Clip: 1/31/2024 | 7m 25s | Popular new literary genre mixes romance and fantasy (7m 25s)
U.S. blames Iran-backed militia for deadly attack in Jordan
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Clip: 1/31/2024 | 10m 16s | U.S. blames Iran-backed militia for deadly attack, leaving Middle East on edge (10m 16s)
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