Federal Reserve Interest Rates, Reports Reveal Iran War Costs, Kennedy Center Closure artwork
Up First from NPR

Federal Reserve Interest Rates, Reports Reveal Iran War Costs, Kennedy Center Closure

Sep 16, 2026 · 12 min

The Federal Reserve is expected to raise interest rates for the first time in three years as the Iran war pushes inflation higher and borrowing costs are already climbing.Two new government reports put the cost of the Iran war at more than $30 billion and reveal extensive damage to U.S. bases and growing strain on key weapons stockpiles.The Kennedy Center board voted to close the building for reno…