This episode was recorded live via X Spaces — audio quality varies in places.

In the third CF Benchmarks live X Space, recorded April 30, 2026, Head of Content Ken Odeluga is joined by Kraken Chief Economist Thomas Perfumo, CF Benchmarks Head of Research Gabe Selby, and Research Analyst Mark Pilipczuk for a packed session the morning after the most divided FOMC vote in over three decades.

The DOJ has dropped its probe into Jerome Powell, Kevin Warsh has cleared the Senate Banking Committee on a historic party-line vote, and Powell has signalled he intends to stay on as a board governor — all in the space of a week.

Meanwhile, four dissents at Wednesday's FOMC meeting — the most since October 1992 — have laid bare a fragmented central bank just as its leadership transition begins. The team unpacks what it all means for the rate ...