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Photo by BRYAN R. SMITH/AFP/Getty Images

The Dow rose as many as 300 points Wednesday, before settling up around 230 points as of 2:45 pm ET.

Why it matters: The Federal Reserve released the minutes from its January meeting on Wednesday, which indicated that "officials see increased economic growth and an uptick in inflation as justification to continue to raise interest rates gradually," per CNBC.

Go deeper

Georgia governor declines Trump's request to help overturn election result

Georgia Gov. Brian Kemp. Photo: Elijah Nouvelage/Getty Images

Georgia Gov. Brian Kemp pushed back on Saturday after President Trump pressed him to help overturn the state's election results.

Driving the news: Trump asked the Republican governor over the phone Saturday to call a special legislative session aimed at overturning the presidential election results in Georgia, per the Washington Post. Kemp refused.

Philanthropy Deep Dive

Illustration: Aïda Amer/Axios

A look at how philanthropy is evolving (and why Dolly Parton deserves a Medal of Freedom).