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Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
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Hegseth spars with lawmakers as Iran war's price tag hits $25 billion The Washington PostTakeaways From Hegseth's Testimony on Iran War and His Tenure The New York TimesHegseth faces further grilling over Iran war strategy and costs - US politics live The GuardianSix takeaways from Hegseth's first hearing since Iran war started The Hill
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Central banks await further evidence of persistent inflation stemming from Middle East war
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Stock Market News, April 29, 2026: Powell to Stay on Fed Board, Central Bank Holds Rates Steady WSJFed holds rates steady but with highest level of dissent since 1992 CNBCThe Fed will have a new leader, but Powell isn't leaving and that puts Trump's low interest rates on ice The Boston GlobePowell Says He Will Stay On as Fed Governor After Term as Chair Ends The New York TimesPowell to remain as Fe
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Jerome H. Powell on Wednesday announced he would stay on as a governor at the central bank as internal divisions sharpen about the policy path forward.
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