Powell's Final Fed Meeting: Warsh's Chances & Economy's Mess

0:00Tomorrow marks a huge day for the Federal Reserve. Chair Jerome Powell leads what could be his final meeting as head honcho, then hits a news conference where he might drop word on sticking around the board after his term reps, May 15. Meanwhile, the Senate Banking Committee votes on Kevin Worsh to replace him, likely passing on party lines before full Senate next month. The Fed plans to hold his benchmark rate steady at 3.6% for the third straight time. Policy makers figure, that's enough to tame inflation without tanking jobs. Worsh, a Trump pick and ex-fed insider, pushed for cuts last year, but Dems worry he'll bend too much to White House pressure. We actions are heating up over Powell's independence push. If he stays, it blocks Trump from stacking the seven member board further, three spots already his. Analysts call it a two-poops vibe, with both leaders clashing and splitting votes. The economies of mess right now, inflation hit 3.3%, a two-year peak from the Iran-war

1:02spiking gas, hiring stalled, unemployment dipped to 4.3% in March, but layoffs stay low in this whole steady job market. Keep eyes on the Fed statement, it might hint at hikes or cuts next, shifting from cut-only talk. Powell's call could steady the ship or stir more drama as they navigate this fog. That's the story for today, Durham News Today, driven by AI, I'm Corey with The Story.