Axios

One person was killed and four were injured in a shooting in Logan Circle Thursday morning, police say, prompting a massive police response and shelter-in-place warnings in one of D.C.'s busiest neighborhoods.

The latest: The suspected gunman died from a self-inflicted gunshot wound, MPD confirmed to Axios.

• The shelter-in-place was lifted around 11:35am, but police are still urging people to avoid the area while the investigation continues.

Inflation is no longer confined to a handful of trouble spots. Now, Federal Reserve officials are starting to question whether raising interest rates gradually will be enough to contain it.

Why it matters: Fed officials had hoped that a relatively modest series of interest rate hikes would be enough to bring inflation under control — more a recalibration than a tightening campaign.

• But stubbornly high — and increasingly widespread — price pressures are raising the possibility of a more prolonged tightening campaign, with no clear endpoint in sight.

President Trump is backing Apple executive chairman Tim Cook to replace tech giant Jensen Huang after Huang resigned as Nvidia CEO, though it's unclear whether he meant it as a joke.

The big picture: Trump didn't weigh in on the controversy surrounding Huang's departure following alleged affairs with a suspected Chinese spy and an Nvidia executive, instead calling Huang "a Legend" in his Truth Social post.