Life Inside Iran, Trump and Cuba, Fed Interest Rates

What It Covers

NPR's Up First covers Iran's regional missile and drone attacks following its security chief's killing, Trump's push for Cuban regime change amid Venezuela's oil cutoff, and the Federal Reserve's interest rate decision amid soaring energy prices and job losses.

Key Questions Answered

• •Iran's internal crackdown: Iranian authorities have imposed internet blackouts, deployed additional checkpoints in cities, and are actively searching citizens' phones for VPN apps and protest-related content. Security forces have relocated from stations to mosques and stadiums to avoid being targeted in strikes.
• •Cuba leverage shift: Cuba's economy collapsed after losing Venezuelan oil subsidies, which the US cut off, giving Washington significantly more negotiating power than during Obama's 2015 normalization deal. Secretary Rubio is pushing for leadership changes alongside economic reforms, not just incremental policy adjustments.
• •Fed's stagflation bind: The Fed faces simultaneous pressure from a weakening labor market — employers cut 92,000 jobs in February, with job losses in three of the last six months — and energy-driven inflation, with diesel above $5 per gallon, making rate cuts and hikes both risky.
• •Fed leadership uncertainty: Jerome Powell's chairmanship, set to expire in May, may extend involuntarily because Republican Senator Tom Tillis is blocking a vote on Trump's nominee Kevin Warsh until the DOJ drops its criminal investigation into the Fed, which a federal judge already called improper harassment.