WSJ Opinion: Potomac Watch

Outgoing Federal Reserve Chair Jerome Powell announces he will remain on the board as a governor as Kevin Warsh prepares to take over. What could be his reasons for staying and what does it mean for the Fed? Plus, the U.S. economy keeps growing modestly, but inflation is getting higher according to the new economic data from the first quarter of 2026.

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The Justice Department releases a new indictment of the former FBI Director, claiming his Instagram post of seashells spelling out “86 47” was a threat to kill President Trump. Plus, Gov. Ron DeSantis's new House map could counter Virginia's Democratic gerrymandering, but is it a risk for the GOP if trends change?

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Police caught Okello Chatrie using location data from Google, and now he wants the Justices to say this violated the Fourth Amendment, which protects against "unreasonable searches and seizures." Plus, the Court hears arguments on whether cancer lawsuits against the weed killer Roundup are preempted by federal law.

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After an assassin targets members of the Trump administration at the White House Correspondents' Dinner, questions about security protocols arise as the President vows for the event to be held again. Plus, Britain's King Charles visits the U.S. in a much anticipated state visit to Washington, bringing hopes of repairing a frayed relationship amid the pageantry.

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The Trump administration shifts medical marijuana from Schedule I to Schedule III, opening up federal tax deductions that will be a boon to America's pot industry. Plus, President Trump suggests the federal government might step in to bail out or even buy Spirit Airlines, a precedent that progressives will love.

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