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Redistricting Sprint, CBC vs. Big Tech & Fed's Final Powell Presser
Audio is available on Spreaker — see link below.
The Congressional Black Caucus challenges Apple, Amazon, and Google over voting rights as Southern states race to redraw district maps following a Supreme Court ruling. Plus, Jerome Powell's final Fed press conference signals higher-for-longer rates with four dissents — the most in 34 years.
Audio is available on Spreaker — see link below.
The Congressional Black Caucus has sent letters to more than two hundred fifty major corporations, including Apple, Amazon, and Google, demanding they publicly oppose Republican-led redistricting efforts that eliminate majority-Black congressional districts. That's the clearest signal yet that the voting rights fight is moving from courthouses into boardrooms.
The pressure from the CBC didn't arrive in a vacuum. Louisiana's legislature just passed a new congressional map designed to flip an additional seat to Republicans, reducing majority-Black districts from two to one.
Alabama has now petitioned the Supreme Court to allow use of its twenty twenty-three congressional map, the same one lower courts struck down as racially discriminatory. The Court ruled against Alabama before on this.
Shift to monetary policy, where the Federal Reserve held interest rates steady at three point five to three point seven five percent. The vote came with four dissents, the most in thirty-four years.
Powell also confirmed he'll stay on the Fed's board of governors until twenty twenty-eight after stepping down as chair. He framed it as a way to protect the institution during legal challenges to its independence.
Two things matter most heading into the next news cycle. First, whether any Fortune five hundred firm responds publicly to the CBC letters.
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