Trump Says He Talked to Warsh. What Does That Mean for Fed Independence?

I talked to Kevin, and I said you might as well vote with the board because it's not going to matter.

This is only President Trump's version of the conversation, and the Fed has not weighed in to confirm it.

If true, the conversation would be an incredible breach of the independence built up between the Fed and the White House for decades. Regular pre-decision calls could give the president the idea he has a say in rate policy and erode the Fed's credibility.

The House has had its second most productive session since 1789 and passed more than 900 bills, blaming the Senate for inaction.

Only 104 laws have been enacted, putting the current Congress on pace for fewer than any since the Civil War. The early recess avoids votes on a gas tax suspension, AI legislation, and an impeachment bill, with a government funding bill due after November.

We need sufficient means of control before it is all too late to prevent existential dangers from AI.

Some businesses are raising prices to rescue profit margins after sustained high energy costs, no longer viewing them as temporary. Another camp of businesses is lowering prices to gain market share from consumers stretched by rising costs.

The AI agent saves time by handling tedious price checks for items like flights or tickets, with caps and intent tracking to build trust.

It will take time before the public is comfortable letting an AI bot buy something without checking first.

GM is supplying parts for Lockheed Martin's Patriot missiles to help triple output to over 2,000 a year by 2030. GM is in talks to supply parts for other missile lines as it expands its military-related business.