Fed Holds Rates Steady, Projects One Rate Cut in 2026 | Balance of Power: Late Edition 03/18/2026

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Joseph Lavorgna, SMBC Americas Chief Economist, states “they did what they were suppose to do” when sharing his thoughts on the Federal Reserve opting to keep interest rates steady. Nadhim Zahawi, former UK Chancellor of the Exchequer, shares his thoughts on President Trump criticizing UK Prime Minister Keir Starmer for not being more supportive of the US’ efforts when it comes to Iran. Sen. Ron Johnson of Wisconsin (R) discusses the rising cost of US involvement in Iran, the ongoing DHS funding standoff, and the path forward for the SAVE America Act. (Source: Bloomberg)