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Fed Keeps Rates Steady As Powell's Leadership Nears End | Balance of Power: Late Edition 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. (Source: Bloomberg)