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Jay Powell Takes Center Stage with Friday’s Jackson Hole Address
The Fed chief is expected to address inflation, interest rates and the economy in his speech on Friday. Will he also confront President Trump’s attacks on central bank independence?
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Nvidia’s Jensen Huang in Talks With China to Allay Security Fears Over A.I. Chips
Jensen Huang said he was “surprised” by questions about his company’s chips, given China’s eagerness to acquire them for advanced A.I systems.
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Year Will End With 300,000 Fewer Federal Workers, Trump Official Says
The reduction would be the largest single-year decline in civilian federal employment since World War II.
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Trump’s Attacks on the Fed and BLS Threaten Key Source of Economic Strength
The president’s efforts to control the Federal Reserve and Bureau of Labor Statistics carry risks. But collectively, the moves could be even more damaging, economists warn.
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California and Texas Face Off in Redistricting Fight
The battle over redistricting is playing out in the country’s two largest states. Texas and California passed redistricting efforts this week that counter each other. David Goodman and Laurel Rosenhall explain how redistricting is playing out in both states and what the final outcome could look like.
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Amtrak’s Mardi Gras Train Returns, Joyfully, 20 Years After Katrina
Driving may be faster, but the inaugural train trips between Mobile, Ala., and New Orleans this week drew travelers eager for a different kind of adventure.
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A Critic of Universities Is Rallying to Defend Them in the Trump Era
The Foundation for Individual Rights and Expression has long been a critic of progressive campus culture. Now it’s taking on new, and surprising, targets.
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Unveiling the Hidden Stories Behind Iconic Photographs
Every photograph tells a story, but how often do we pause to really consider the narratives behind those iconic images that have etched themselves into our collective memory? The truth is, many of these photographs carry hidden stories that are as compelling as the images themselves. Unveiling these stories not only enriches our appreciation of…
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New Lessons in Regulation, August 2025 – FRB Rescinds Novel Activities Supervision Program and Vice Chair Bowman Speaks on Embracing Innovation
Last week, (almost two years to the day of when it was issued), the Federal Reserve Board (“FRB”) rescinded SR Letter 23-7 regarding the creation of the Novel Activities Supervision Program. The FRB stated that supervision of certain crypto and fintech activities is now better understood and supervision of those activities will be integrated back…
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Chile’s AI Bill: A Pioneering Policy Facing Local Limits
Back in May 2024, Chile positioned itself as a pioneer in AI regulation, adopting what is viewed by many as one of the most advanced and forward-looking regulatory proposals on AI in the region. As Chile’s draft AI Bill continues its passage through parliament, we reflect on its potential shortcomings, as well as the benefits…