The Fed to meet about interest rates. And, Sen. Mullin faces DHS confirmation hearing
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The Bottom Line
The Federal Reserve is expected to hold interest rates steady while Sen. Mullin faces a confirmation hearing for DHS secretary.
AI Summary
The Federal Reserve is expected to keep its benchmark interest rate unchanged today as the economy faces lingering uncertainty. Sen. Mullin is undergoing a confirmation hearing to become secretary of the Department of Homeland Security. The Fed's decision will signal its current approach to inflation and growth, while Mullin's hearing determines whether the Senate will approve his nomination to lead the agency.
What's Being Done
The Fed is meeting to decide on rates; Mullin is undergoing Senate confirmation proceedings.
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Live updates: Mullin faces DHS questions; senators to confront Gabbard, Ratcliffe on global threats
Capitol agenda: Tulsi Gabbard takes the hot seat - Politico
Capitol agenda: Tulsi Gabbard takes the hot seat - Politico
Trump nominee Mullin expected to get quick confirmation to replace Noem at DHS – US politics live
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Sen. Markwayne Mullin (R-Okla.) will testify before the Senate Homeland Security and Governmental Affairs Committee on Wednesday morning, nearly two weeks after President Trump nominated him to replace Homeland Security Secretary Kristi Noem. Mullin is expected to face tough questions primarily from Democrats who have refused to fund the Department of Homeland Security for more…
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<p>The Federal Reserve will almost certainly hold rates steady, but fresh economic projections and other communications due out Wednesday afternoon will show how the central bank is absorbing two uncomfortable realities at once.</p><p><strong>Why it matters: </strong>The energy shock from the Iran war adds a new factor to the Fed's complicated calculus. Inflation is running hotter than expected, even before the war's impact materializes in the data. Labor market data has been grim, and it's unclear how a sustained oil shock could weigh more heavily on the economy.</p><hr><ul><li>Whatever the projections show will set the table for Fed chair Jerome Powell's successor, Kevin Warsh.</li></ul><p><strong>What they're saying: </strong>"The new dot plot likely will indicate that most members retain a bias to ease policy this year and in 2027," Sam Tombs, chief U.S. economist at Pantheon Macro, wrote in a client note.</p><ul><li>But Tombs cautioned that "the biggest risk to markets" is if n...
PoliticsWATCH LIVE: Sen. Markwayne Mullin testifies in confirmation hearing for DHS secretary
Mullin, President Donald Trump's pick to lead the Department of Homeland Security, will testify in a confirmation hearing Wednesday before the Senate Homeland Security and Governmental Affairs Committee.
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Donald Trump's broadcast regulator has issued a warning to top news channels in the United States, threatening to cancel the spectrum permits of broadcasters pushing what he called "hoaxes and news distortions". Brendan Carr, the chair of the Federal Communications Commission, responded to a Trump complaint about negative coverage of the Iran war. It comes amid heightened tensions between broadcasters and the FCC over how political content is handled on air.
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