Glenn Hubbard dissected the latest FOMC gathering, noting that while the policy rate stayed put, internal debates shifted overall. Two governors voted against an “easing bias,” and Stephen Miran pushed for outright cuts. Chairman Jay Powell delivered what is likely his last press briefing, handing the baton to Kevin Warsh, whose fit for the role Hubbard praised but warned will be tested.

Las Vegas, long defined by casino tables, is courting a broader leisure crowd. Screenwriter‑turned‑journalist Nick Pileggi called the city “the most American thing we’ve got,” but entrepreneurs are reshaping that image. New‑York‑based Tao Group pioneered the restaurant‑nightclub hybrid two decades ago and now launches a Strip‑side dayclub with pools, cabanas and all‑day dining, extending entertainment beyond night hours.

Mary Daly, president of the Federal Reserve Bank of San Francisco, reminded listeners that the 12th District, which includes Las Vegas, continuously evolves. For investors, the city’s pivot toward daytime hospitality diversifies revenue streams and softens reliance on gambling‑linked cycles. Meanwhile, the Fed’s leadership change adds uncertainty to monetary policy, prompting markets to watch the new chair’s early decisions closely.