Trump: Open Hormuz Strait or Face Bombed Power Plants

The short answer is “no.” Trump was confabulating when he said that he was already in negotiations with “important” Iranians. There is a back history to the US’ “negotiations narrative.” In earlier rounds of “negotiations” centred on the Ukraine conflict, Trump regularly would suggest that political negotiations with Russia were ongoing, when in practice, Witkoff […]

Fed Independence Is Sacred... Or So We've Been Told Authored by Richard Roberts via RealClearMarkets.com, For the better part of a year, many had become convinced that the Federal Reserve's independence was in its final days. The narrative rested on two prongs. First, an FOMC browbeaten by relentless public attacks, threats of removal, and a Justice Department criminal probe into Chair Jerome Powell. The pressure, many argued, had grown so intense that Fed decisions would no longer be trusted to reflect economics rather than politics. Second, a new chair expected to arrive in May...

Senior Trump administration officials told members of Congress during a closed-door briefing on Tuesday that Iran’s Shahed attack drones are a major threat to the US military and that not all of them will be intercepted by US air defenses, CNN has reported. The report said that Secretary of War Pete Hegseth and Chairman of […]