Inflation, Fuel Price and the President’s Fed Fight

The President’s pick to lead the Federal Reserve, Kevin Warsh, faces the Senate Banking Committee today. A former Fed Governor and Morgan Stanley VP, Warsh is expected to signal a shift toward rate cuts and structural reform. However, his path to confirmation is not yet certain. FOX Business White House Correspondent Edward Lawrence joins the Rundown from the front lawn of the White House to break down the political firestorm surrounding the hearing, including why some are threatening to block the nomination until the DOJ drops its investigation into current Chair Jerome Powell. Plus, an update on the Trump administration’s strategy for “legal” tariffs and whether the U.S. can avoid long-term economic damage from Middle East supply disruptions.

Section 702 of the Foreign Intelligence Surveillance Act remains a focal point of intense debate within Congress, as lawmakers have until the end of the month to extend the provision, which was put in place after the 9/11 terror attacks. Proponents argue that FISA is necessary to prevent future attacks, but critics contend that its allowance of warrantless surveillance violates Americans’ privacy. Michael Allen, who served as a special assistant to President George W. Bush, joins us to discuss why this tool is essential for thwarting global terrorist plots and evolving cyber threats.

PLUS, commentary by David Marcus, columnist for FOX News Digital.