Jerome Powell says he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time." He cited the recent legal actions taken by the Trump administration against the Fed as his reason for staying on.
The Federal Reserve left its benchmark interest rate unchanged for the third straight meeting but signaled it could still cut rates in the coming months, moves that attracted the most dissents since October 1992: — 29 April 2026 (LINK)
Supreme Court limits use of race in drawing electoral maps — 29 April 2026 (LINK)
— In a 6-3 decision, the conservative justices sided with a challenge to new districts in Louisiana that were created to comply with a landmark Civil Rights law meant to protect black Americans from racial discrimination.
Axios: Supreme Court lifts GOP odds of keeping House: could boost the Republican majority in the House by an additional 19 seats when compared to 2024 — (LINK)
Pentagon official: Iran war has cost $25B: The figure is the most specific price tag the administration has provided on the U.S. military conflict — 29 April 2026 (LINK)
— Politico: That figure falls far behind many outside estimates. It is also dwarfed by reports that the administration could seek hundreds of billions of dollars to cover the Middle East campaign. Acting Pentagon comptroller Jules Hurst told attendees at a March defence summit in Washington that the first week of the Iran war cost roughly $11 billion.