Morning Briefing — May 29, 2026

House Oversight Questioning. Pam Bondi is set for closed-door questioning from House Oversight lawmakers regarding her handling of the Jeffrey Epstein files. Bondi, a former AG, will testify before Congress, marking her first return to Capitol Hill since her DOJ ouster. Lawmakers are focused on her past actions concerning the Epstein files.

Federal Reserve Focus. The Federal Reserve must signal its commitment to inflation, according to Schmid. Fed officials are urged to stay focused on inflation. This comes as the Fed continues to navigate economic policy.

US-Iran Deal. Trump faces a heavy lift on selling an Iran deal, with reports indicating US and Iranian negotiators are close to a preliminary peace deal. Trump has stated that Iran is composed of "very good negotiators." Vance also noted that the U.S. and Iran are "very close" to a deal, despite Trump's approach sowing confusion.

E. Jean Carroll Probe. A criminal probe of E. Jean Carroll is creating a major headache for the Senate GOP. The DOJ is investigating whether E. Jean Carroll committed perjury. Scrutiny is turning toward private citizens who antagonized Trump in the Carroll lawsuits inquiry, with the DOJ also probing outside funding Carroll received for Trump civil lawsuits.