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It is unusual for soon-to-be-former Fed Chair Jay Powell to stay on at the @federalreserve. For someone who speaks so often of norms, his unilateral decision to stay flies in the face of tradition. Kevin Warsh will bring about a new day at the Fed, with accountability, management, and sound policymaking in the lead.




Axios reports that CENTCOM is preparing for a ‘short and powerful’ wave of strikes against Iran, likely targeting vital infrastructure. Trump reportedly thinks this will help break the negotiating deadlock. Spoiler: It probably won’t, and Iran’s retaliation is likely to be more severe if critical infrastructure is targeted, plunging the region into an even more dire crisis and dragging the US even deeper into the quagmire. The neocon solution to every problem is dropping more bombs, and if history is anything to go by (it is), this will end disastrously.














