Fed Meeting: Powell's Future, Inflation, and Rate Shifts

0:00On April 29th, tomorrow's Federal Reserve meeting could shake things up big time. Chair Jerome Powell might lead his final one as head before his term ends on May 15th. The feds expected to hold the key interest rate steady at 3.6% for the third meeting in a row. That's the tame inflation without killing jobs. Plus, Powell could announce he's sticking around on the board of governors. Meanwhile, the Senate Banking Committee votes tomorrow on Kevin Warsh to replace him. President Trump's January pick is a former Fed insider who pushed for rate cuts last year, drawing fire from Democrats over his independence. It's likely a party line approval heading to the full Senate next month. This has folks buzzing about Fed drama. Powell staying with Block Trump from filling another board see, three of seven are already his picks. It might spark a two popes' vibe with both leaders on the board, splitting loyalties and ramping of tensions. The economies of mess right now, complicating everything, inflation hit 3.3%, a two-year

1:04high from the Iran war spike in gas prices. Hiring stalled, unemployment dipped to 4.3% in March, but layoffs stay low in this, low higher, low fire mode. Watch for the Fed statement, it might shift to hint at hikes or cuts next, not just cuts. Policy makers are split, with many eyeing the war's fallout before moving. Former drops tomorrow, says the tone for steady rates amid all this uncertainty. I'm Corey, with the story. That's your global news update, AI-powered and always on.