Semafor World Economy 2026 —

Senators question Warsh’s case for rate cuts

The Fed chair nominee said he believes AI’s boost to “the supply side of the economy” may be “considerably bigger” than the “effect on demand.”
Kevin WarshElizabeth Frantz/Reuters

Apple makes a safe choice in a dangerous moment

Apple’s choice of John Ternus to replace CEO Tim Cook signals the company plans to stay its cautious and lucrative course.
Tim Cook at the American Film Institute Awards LuncheonMario Anzuoni/Reuters

Why Chavez-DeRemer’s departure surprised few

The labor secretary had faced a probe from her department’s independent watchdog into a long list of alleged misbehaviors on the job.
Lori Chavez-DeRemerBrian Snyder/Reuters

Cherfilus-McCormick faces potential expulsion

It might not be the only expulsion vote in the House this week.
Sheila Cherfilus-McCormick, D-Fla.Nathan Howard/Reuters
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Politics

NASA astronauts form US political nonprofit

More than 100 former US astronauts launched a nonprofit to address an issue closer to home — the future of US democracy.
Astronaut poses with US flag during 1971 Moon mission.1971 Moon mission. NASA/David Scott via Reuters

Trump’s Fed pick vows central bank independence

During his congressional confirmation hearing, Kevin Warsh responded “absolutely not” when asked if he would be the president’s “sock puppet.”
Kevin WarshKevin Lamarque/Reuters

Republicans release budget, hope to end shutdown

Senators hope that movement will prompt the House to pass the Senate bill funding the rest of the Department of Homeland Security.
John Thune Evelyn Hockstein/Reuters

Senators question Warsh’s case for rate cuts

The Fed chair nominee said he believes AI’s boost to “the supply side of the economy” may be “considerably bigger” than the “effect on demand.”

Trump extends ceasefire with Iran

Trump announced that he would hold off attacks at the request of Pakistan to give Tehran time to come up with a “unified proposal.”

Former Trump aides argue his policies are paying off

Washington’s focus on key geopolitical battlegrounds, rather than being the world’s policeman, is paying off, an ex-assistant secretary of state wrote.

Trump’s Fed chair pick Kevin Warsh faces Senate hearing

Analysts and lawmakers have been skeptical of Warsh’s independence amid intense White House pressure on the central bank.

Cherfilus-McCormick faces potential expulsion

It might not be the only expulsion vote in the House this week.

Powell probe looms over Warsh hearing

Sen. Thom Tillis, R-N.C., has pledged to b Kevin Warsh’s nomination until the Justice Department gives up on its investigation of Jerome Powell.

Why Chavez-DeRemer’s departure surprised few

The labor secretary had faced a probe from her department’s independent watchdog into a long list of alleged misbehaviors on the job.

US, Iran talks appear to be back on

US Vice President JD Vance, who led the Washington delegation in earlier failed discussions, is expected to leave for Pakistan on Tuesday.
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