Axios

President Trump on Wednesday said that he would "rather not have" the North American trade agreement that was negotiated during his first term.

Why it matters: The free trade pact that binds North America is up for review next month. The risk of the deal collapsing now appears greater than before.

The Federal Reserve left its target interest rate unchanged in Kevin Warsh's first meeting as its chairman, alongside new projections showing that many top officials now anticipate raising interest rates this year.

Why it matters: Warsh is taking charge of the central bank amid a renewed surge of inflation that has dashed hopes for interest rate cuts this year.

• Against that complex backdrop, Warsh indicated that the ways the central bank conducts monetary policy are set for significant changes in the months ahead.

Democrats celebrated a small victory in Georgia on Wednesday as GOP leaders shelved plans to redraw the state's congressional maps for the 2028 elections. But they're warning the battle is far from won.

Why it matters: Republicans hit pause on their plans amid fear that a redraw before November could energize Democratic voters, but Dems are trying to manifest that energy anyways.