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Stock Market News, April 29, 2026: Powell to Stay on Fed Board, Central Bank Holds Rates Steady WSJFed holds rates steady but with highest level of dissent since 1992 CNBCThe Fed will have a new leader, but Powell isn't leaving and that puts Trump's low interest rates on ice The Boston GlobePowell Says He Will Stay On as Fed Governor After Term as Chair Ends The New York TimesPowell to remain as Fe
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Powell Says He Will Stay On as Fed Governor After Term as Chair Ends The New York TimesFed holds rates steady but with highest level of dissent since 1992 CNBCPowell says he'll remain on U.S. Federal Reserve board, denying Trump a chance to name his own appointee CBCFed officials poised to dissent on rates with Warsh on verge of getting chair PoliticoPowell to remain as Fed governor, denying Trump a key vacancy
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The Federal Reserve also on Wednesday left interest rates unchanged for its third straight meeting amid higher energy costs.
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Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
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The former friends and co-founders are now battling in court over whether Altman broke OpenAI's nonprofit mission and charitable purpose.
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Your life insurance monthly premium can start looking less and less appealing once you've retired. It's a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own parents. "The cost of the insurance had risen to the point where it was getting unaffordable. They were wondering do we really need to keep this coverage now that the kids are all grown up?"
If you stop paying your premiums, you lose your life insurance coverage, and your heirs wouldn't get anything back for what you've paid in. If you cancel a policy that has cash value, a reserve of money built up in some types of life insurance, the insurer sends you a check for that amount, though it will be far less than the listed death benefit.
Over the past 20 years, a third option went mainstream: selling your policy to a company, a practice known as a life settlement, with the buyer getting the death benefit when you die.
SEE MORE Don't Fall for That Life Insurance Ad on TV
"It's kind of morbid when you think about it. A group buys boatloads of policies from people that have fallen on hard times and can no longer afford their insurance," profiting from the seller's death, says Simon. "In theory, they want you to die tomorrow. If you live another 20 years, it's a bad investment for them."
Selling a life insurance policy generally isn't a great deal for you either, and there are better alternatives worth exploring. Simon finds that people typically turn to selling a policy when they're desperate. Usually, it's because they've spent down their other retirement assets, or they might be dealing with high medical bills. "It's a measure of last resort, like taking a reverse mortgage. I rarely see them working out well for people, and they could en
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