Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.

The NEA will no longer fund arts programs that promote DEI or "gender ideology." The federal agency has cancelled grants that have funded programs for underserved communities for more than 20 years.

The public broadcaster says it is closing its Diversity Equity and Inclusion (DEI) office to comply with a recent executive order from President Donald Trump.