Fed Keeps Rates Steady As Powell’s Leadership Nears End | Balance of Power 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 economically. Senator Elissa Slotkin (D-MI) and Senator Bernie Moreno (R-OH) discuss their bipartisan Connected Vehicle Security Act of 2026, warning Chinese-made cars pose a “driving surveillance package” risk and could enable espionage or even remote vehicle takeovers.
Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:41 – Ed Ludlow & Caroline Hyde on META & Alphabet Earnings, Mixed Results For Amazon & Microsoft
00:08:26 – Michael McKee on Key Takeaways From Fed. Chair Jerome Powell’s Final News Conference
00:12:53 – Greg Stohr on SCOTUS Restricts Use of Voting Rights Act in Map-Drawing
00:16:15 – Michael Allen, Managing Dir. of Beacon Global Strategies, on Pres. Trump Talking About An Extended Blockade on The Strait of Hormuz
00:24:30 – Sen. Elissa Slotkin (D-MI) & Sen. Bernie Moreno (R-OH) Talk Pitching a Bipartisan Bill to Crack Down on Chinese Cars in the US
00:37:01 – Breaking News: Anthropic Considering Funding Offers at Over $900B Value
00:41:12 – Political Panel React to SCOTUS Decision on Map-Drawing, What Will This Result In, When Will Oil Prices Impact Elections
00:46:10 – Breaking News: The US House Passes FISA Extension
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