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At the Group of 7 gathering in France, President Trump’s oscillations on his Iran deal and Ukraine left European leaders racing to catch up.
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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. Driving the news: The policy-setting Federal Open Market Committee on Wednesday left its main interest rate target unchanged in a range of 3.5% to 3.75% for the fourth consecutive meeting. The decision was unanimous. - The…
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. Driving the news: The policy-setting Federal Open Market Committee on Wednesday left its main interest rate target unchanged in a range of 3.5% to 3.75% for the fourth consecutive meeting. The decision was unanimous. - The…Open
Trump said he was open to allowing Iran to maintain its stockpile of ballistic missiles, saying it was “unfair” for Iran not have them if their neighbors do.
Few AI use cases elicit more outrage than writing: Using AI makes writing duller ... dumber ... robotic. It kills thinking ... creativity ... originality. It produces sameness and slop! Why it matters: All that's true — if you, as the teacher or writer, allow it to be true. Lazy AI outsourcing means lazy thinking and writing. Used with persistence and skill, AI can enhance both your thoughts and expression. I'm thinking and writing more and better than ever. But I want to be frank and useful about what I've learned about writing and the limits I've hit since turning myself into an AI lab rat : - Caution 1: I'm 55, a writer by training, went in aware of AI dangers, and am a prolific writer with or without it. Anyone lazily letting AI…
Few AI use cases elicit more outrage than writing: Using AI makes writing duller ... dumber ... robotic. It kills thinking ... creativity ... originality. It produces sameness and slop! Why it matters: All that's true — if you, as the teacher or writer, allow it to be true. Lazy AI outsourcing means lazy thinking and writing. Used with persistence and skill, AI can enhance both your thoughts and expression. I'm thinking and writing more and better than ever. But I want to be frank and useful about what I've learned about writing and the limits I've hit since turning myself into an AI lab rat : - Caution 1: I'm 55, a writer by training, went in aware of AI dangers, and am a prolific writer with or without it. Anyone lazily letting AI…Open
While the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world’s most powerful military having proved they can use economic chaos as a weapon.
President Trump made the case for his deal with Iran during an hour-long press conference on Wednesday, while seeming to lower his own bar for success and warning he could bomb Iran again if nuclear talks fail. The big picture: For two months, Trump has been seeking a deal to end the war, reopen the Strait of Hormuz and stabilize global energy markets. This deal should achieve that. But some of Trump's critics argue that making concessions just to return to status quo ante shows the war itself was a costly mistake. Reality check: Before the war and as it got underway, Trump laid out highly ambitious parameters for any successful resolution with Iran. - That included "total surrender" and the full dismantlement of Iran's nuclear program.…
President Trump made the case for his deal with Iran during an hour-long press conference on Wednesday, while seeming to lower his own bar for success and warning he could bomb Iran again if nuclear talks fail. The big picture: For two months, Trump has been seeking a deal to end the war, reopen the Strait of Hormuz and stabilize global energy markets. This deal should achieve that. But some of Trump's critics argue that making concessions just to return to status quo ante shows the war itself was a costly mistake. Reality check: Before the war and as it got underway, Trump laid out highly ambitious parameters for any successful resolution with Iran. - That included "total surrender" and the full dismantlement of Iran's nuclear program.…Open
The National Weather Service issued several of its highest-level tornado alerts on Wednesday night.
The New York Times is examining the relationship between New York State officials and Native Americans.
Extended-range electric vehicles promise to reduce costs and appeal to America’s appetite for adventure. And they’re coming to showrooms soon.
The Federal Reserve’s new chairman held a press conference where he bantered with reporters and laid out a vision for change at the central bank.