Trending Now - Fed Rate Hikes Remain Unlikely Despite Leadership Changes

WHO:

Bloomberg - Priya Misra, Core Plus Bond ETF portfolio manager at JPMorgan

CNN - Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve

CNN - Jerome Powell, Federal Reserve Chair

CNN - Christopher Hodge, chief US economist at Natixis CIB

CNN - Austan Goolsbee, Chicago Fed President

CNN - Brian Moynihan, Bank of America CEO

CNN - Henry Wu, co-head of US bond strategy at Alpine Macro

CNN - Jeanine Pirro, US Attorney for the District of Columbia

CNN - Narayana Kocherlakota, former Fed official

CNN - Jon Hilsenrath, senior adviser to financial services firm StoneX

CNN - Benson Durham, former senior Fed staffer

WHAT:

Bloomberg - Federal Reserve Chair Jerome Powell is likely to hold his final press conference as Fed chair.

CNN - The Senate Banking Committee is set to vote on Warsh’s nomination to serve as Fed chair.

CNN - The Consumer Price Index rose in March at its fastest monthly pace since 2022, reaching an annual rate of 3.3%.

CNN - Gas prices increased by a record 21.2% during March.

CNN - The national average price of gasoline is above $4 a gallon.

CNN - New applications for unemployment benefits rose by 6,000 to 214,000 in the week ending April 18.

CNN - The national unemployment rate is 4.3% as of March.

CNN - About a third of S&P 500 companies reported earnings for the first quarter, with 84% beating analysts’ expectations.

WHERE:

CNN - The Senate Banking Committee is located in Washington, D.C.

CNN - The US economy is being affected by the ongoing conflict in the Middle East, specifically the Iran war.

WHEN:

CNN - Powell’s term as Fed chair expires on May 15.

CNN - Warsh could assume the role of Fed chair as soon as next month.

CNN - Powell stated he would not leave the board until the investigation is resolved, indicating a timeline that could extend beyond the current year.

WHY:

CNN - Trump has expressed a desire for lower interest rates and has joked about suing Warsh if he does not cut rates.

CNN - Fed officials typically lower rates if inflation is slowing or unemployment is rising, neither of which is currently happening.

CNN - Powell’s decision to potentially remain at the Fed is influenced by the desire to protect the institution's independence from the Trump administration.

HOW:

CNN - Warsh has vowed for “regime change” at the Fed, which may include reducing the number of policy meetings each year.

CNN - Powell has indicated that he would base his decision on what he thinks is best for the people served by the Fed.

(UPDATED April 29, 2026 13:23 UTC)

Federal Reserve Chair Jerome Powell is expected to hold his final press conference as chair before his term expires on May 15, while the Senate Banking Committee in Washington, D.C. prepares to vote on Kevin Warsh’s nomination to take over the role. The Consumer Price Index surged in March at its fastest monthly pace since 2022, with gas prices hitting a record increase of 21.2%, pushing the national average above $4 a gallon. Amid these economic shifts, Powell has indicated he may remain at the Fed until an ongoing investigation is resolved, which could extend his tenure beyond this year.