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There 's a deep divide at the Fed as the Jerome Powell era comes to a close,
plus a Supreme Court decision that weakens the Voting Rights Act.
Essentially, what they can do as a result of this ruling is eliminate districts that have a majority of Black voters and then
disperse those Black voters into other districts that would be dominated by white voters.
And the Pentagon gives its first precise number for the military cost of the Iran war so far, $25 billion.
It's Wednesday, April 29th.
I'm Alex Osala for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
Let's begin with the latest at the Federal Reserve.
The central bank held interest rates steady today.
That part was widely expected.
But not everything in today's announcement was so predictable.
Journal Economics reporter Matt Grossman is here now to discuss.
Matt, let's start with Fed Chair Jerome Powell.
This was his last meeting as Fed Chair, likely to be succeeded by Trump's pick Kevin Warsh.
Powell said he'll stick around as governor for a period that has yet to be decided.