timelets

Jamie Dimond of JPM about AI in his business and beyond

Remarkable, how hard Trump is trying to turn the US into a banana republic.

The Fed received grand jury subpoenas from the Justice Department on Friday that threaten a criminal indictment relating to Powell’s testimony, the Fed chair said in a video statement on Sunday night.

“This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation,” Powell said in the statement.

The investigation, which is being run out of the office of Washington’s U.S. attorney Jeanine Pirro, a close Trump ally, began in November and is examining Powell’s congressional testimony and the Fed’s spending records, people familiar with it said.

https://www.wsj.com/economy/central-banking/federal-reserve-received-justice-department-subpoena-threatening-criminal-indictment-e9e3f84d

Predictions for AI trends in 2026 by the IBM Tech channel

https://youtu.be/zt0JA5rxdfM?si=y1J28AmKk_WAFk75

We'll have to come back to it in 10-11 months.

Only yesterday I was listening to a podcast from the Hoover Institution where H.R. McMaster, who was the National Security Advisor in the first Trump administration, said that there's no way Trump was going to bomb Iran.



Few hours later, Trump ordered the bombing. So it goes