Powell says he will stay on as Federal Reserve Governor

Jerome Powell says he will continue to stay on as Federal Reserve Governor, even after his chairmanship ends. We look at what this means for the future of the US central banking system. Three ships have been hijacked off the coast of Somalia in the past week. We look into concerns of maritime piracy in the area, as experts warn reduced naval patrols could be creating an opening for armed groups. And we go to India where we hear how the glass industry has been suffering due to the war between the US, Israel, and Iran.

(Image credit: Jerome Powell, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, April 29, 2026. Photographer: Daniel Heuer / Bloomberg via Getty Images)