Fed Keeps Rates Steady As Powell's Leadership Nears End | Balance of Power: Late Edition 04/29/2026

The Fed's decision to maintain interest rates amidst these geopolitical tensions reflects a cautious approach as Powell's leadership nears its conclusion. The emphasis on a potential blockade of the Strait of Hormuz indicates a strategic shift towards leveraging economic measures against Iran, while the bipartisan effort on vehicle security underscores the growing concerns over foreign technology and surveillance risks. This intersection of economic policy and national security highlights the complexities faced by U.S. lawmakers in an increasingly interconnected world.