WSJ Opinion: Potomac Watch

The Senate approves the Federal Reserve's new leader 54-45, one day after new figures from the Labor Department show consumer prices accelerating, and not only due to oil stuck at the Strait of Hormuz. How will Warsh approach the job of getting back to 2%, and what's the legacy of outgoing Chair Jerome Powell?

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Donald Trump lands in Beijing for meetings with Chinese leader Xi Jinping, with agenda items that include trade and tariffs, the future of Taiwan, and the U.S. computer chips that are powering American artificial intelligence. Plus, will Trump make good on his promise to push for the freedom of Hong Kong's Jimmy Lai?   

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Donald Trump issues a five-month waiver of a 1920 law that says ships carrying cargo between U.S. ports must be American-built. Colin Grabow of the Cato Institute explains the results, as dozens of voyages now help to distribute oil and gasoline, and he argues the Jones Act is economic lunacy that should be repealed.

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Iran rejects Donald Trump's proposal to settle the war, and Trump says the cease-fire may not survive. On this episode of Potomac Watch, Paul Gigot speaks with the Hudson Institute's Michael Doran about the chances for renewed fighting and whether Iran's economy will break under U.S. pressure.   

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The Virginia Supreme Court strikes down a Democratic map that voters approved last month. Meantime, Tennessee moves to oust its only congressional Democrat by splitting his Memphis seat, a majority-black district held by Rep. Steve Cohen, who is white. Which side is now winning the gerrymander wars?

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