CNN 5 Things

Fed Rates Steady, MN Shooting Probe, “Trump Accounts” and more

Jan 28, 2026
A rundown of the Fed pausing interest rate moves and the debate around central bank independence. Updates on a fatal shooting probe and an assault at a Minnesota town hall. Coverage of an FBI search tied to 2020 election records and a Senate hearing on U.S. engagement in Latin America and Iran. A new presidential initiative to seed investment accounts for children is also discussed.
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INSIGHT

Fed Pauses To See If Cuts Work

  • The Fed held rates steady while watching whether prior cuts take effect over months.
  • Officials balanced improving jobs with still-high inflation before cutting further.
INSIGHT

Fed's Independence Under Pressure

  • The Fed's independence faces legal and political stress with Supreme Court scrutiny and a criminal inquiry.
  • Jerome Powell warned his successor to avoid being pulled into elected politics.
ANECDOTE

Officers Placed On Leave After Fatal Shooting

  • Federal immigration officers involved in Alex Pardee's fatal shooting in Minneapolis were placed on administrative leave.
  • Afoma DK noted it's standard protocol while internal investigations proceed and Pardee's family said he was an ICU nurse.
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