Senate confirms Trump’s pick to replace Jerome Powell as Federal Reserve chair - Scripps News

Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran Federal authorities arrested 63 year old Newport Coast technology executive Jamshid Ghomi during an early-morning operation at his luxury Orange County residence on Wednesday, according to the NY Post. He faces federal charges related to alleged violations of U.S. sanctions against Iran. Investigators claim Ghomi orchestrated a long-running scheme to obtain American-made networking and computer equipment and funnel it to customers in Iran, including organizations tied to the country's military and nuclear sectors. According to prosecutors, the operation generated millions of dollars and relied on overseas intermediaries and shell companies to conceal the equipment's final destination. Photo:

Press Release: Congressman Al Green Critiques Federal Reserve Independence and Addresses Cryptocurrency Concerns at Financial Services Hearing  Quiver Quantitative

Logistics costs surge to four-year high, pressuring Fed on inflation  Crypto Briefing

Fed faces inflation test as oil prices climb again  MSN

Citi has a blunt message for investors worried about inflation  thestreet.com

Anthropic's Marketing FUD Playbook Returns With Call To Pause AI Frontier Development Anthropic has elevated fear-based marketing to an art form. The company routinely warns the public, lawmakers, and corporate America about looming AI doom scenarios - then conveniently positions itself, its products, safety frameworks, and policy prescriptions as humanity’s best defense. This strategy is hardly new. Fear, Uncertainty, and Doubt (FUD) works because we're wired to be risk-averse. Nothing grabs attention faster than a well-crafted existential threat. In its latest iteration, Anthropic’s message is that AI models are advancing so rapidly they risk outrunning society’s ability to control them. The solution? The very guardrails, verification systems, and safety architecture that Anthropic is helpfully developing. “We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology,” the company sta