Event Overview
Fed Keeps Rates Steady As Powell's Leadership Nears End | Balance of Power: Late Edition 04/29/2026
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Michael Allen, Managing Director of Beacon Global Strategies and former Special Assistant to President. This cluster currently includes 2 articles from 2 sources.
This cluster currently includes 2 articles from 2 sources. Sources in this event include CNN, Bloomberg.
Left / left-center
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Center
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Right / right-center
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Fed holds interest rates steady again in Powell’s last meeting as chair
The Federal Reserve on Wednesday kept interest rates unchanged for a third consecutive meeting, with some key policymakers signaling concern over still-elevated energy prices due to the US-Israeli war with Iran. Fed officials kept the benchmark lending rate in a range of 3.5-3.75%, in what was Jerome Powell’s final.
Fed Keeps Rates Steady As Powell's Leadership Nears End | Balance of Power: Late Edition 04/29/2026
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Michael Allen, Managing Director of Beacon Global Strategies and former Special Assistant to President George W. Bush, says the US should "give it time" for a Strait of Hormuz blockade to pressure Iran.