Kevin Warsh takes the helm as the 17th Federal Reserve Chair, facing immediate pressure from President Trump and high inflation. The discussion centers on his potential reforms, such as altering FOMC press conferences and inflation metrics, and whether he can maintain the central bank's independence.
The ongoing conflict with Iran, highlighted by a U.S. blockade of the Strait of Hormuz and attacks on UAE infrastructure, is driving U.S. gasoline prices to $4.55 a gallon. President Trump faces conflicting advice from allies urging restraint and congressional leaders demanding military escalation.
The resignation of DNI Tulsi Gabbard underscores deep divisions within the Trump administration's national security apparatus. While her departure is officially for personal reasons, her public opposition to war with Iran suggests a policy victory for more hawkish advisors.
Micron is making massive investments to expand its U.S. memory chip manufacturing in Virginia, Idaho, and New York, driven by government support and extreme market demand. The CEO and other tech leaders confirm the current memory chip shortage, exacerbated by the AI boom, will last for years.
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