Brief

President Donald Trump has sworn in Kevin Warsh as the new Federal Reserve chair, emphasizing his desire for Warsh to stimulate the economy while also stressing the importance of the Fed's independence. Trump criticized his predecessor, Jerome Powell, for being too hesitant to lower interest rates and expressed confidence that Warsh would prioritize economic growth. Warsh, in turn, pledged to lead a reform-oriented Federal Reserve and believes AI-driven productivity gains can foster growth without increasing inflation, though some Fed officials remain skeptical. AI

President Trump held a meeting with his senior national security advisors to discuss the ongoing war with Iran. He is reportedly considering new strikes against Iran if diplomatic efforts fail. Mediation efforts are underway by Pakistan and Qatar, with negotiations described as difficult and progress slow. Trump's decision on whether to resume military action is pending, with a potential for a final major operation. AI

President Trump has made conflicting statements regarding intervention in Cuba, suggesting he might be the one to act while also downplaying the necessity of escalation. Concurrently, CIA Director John Ratcliffe visited Cuba for high-level meetings, emphasizing that cooperation is contingent on fundamental governmental changes, amidst the island's severe fuel and economic crisis exacerbated by U.S. sanctions. These diplomatic efforts occur as Cuba releases a political prisoner and faces critical shortages, signaling a potential shift in U.S.-Cuba relations. AI