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At his confirmation hearing, DHS nominee Markwayne Mullin says he made a mistake in calling Alex Pretti a "deranged individual."

Live updates: DHS nominee Markwayne Mullin faces senators for confirmation after Noem’s ouster

Sen. Markwayne Mullin, President Donald Trump's pick for homeland security secretary, is appearing before senators for a confirmation hearing where he’s facing questions over his vision for a department tasked with carrying out the administration's push for mass deportations.

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The Fed leaves interest rates unchanged while maintaining projections for one cut in 2026

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Federal Reserve announces interest rate decision

Federal Reserve holds interest rates steady amid Iran war, mixed economic signals

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Federal Reserve announces interest rate decision

Here's what changed in the new Fed statement

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Fed leaves rates unchanged, signals one rate cut later this year

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The Federal Reserve holds interest rates steady as it confronts a new inflation threat: Soaring gas prices

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Officials are still waiting for data reflecting the rise in prices after the start of the Iran war. Chair Jerome Powell’s upcoming press conference could be his second to last, with his term as chair set to end in May.