Former Fed Chairs Condemn Criminal Investigation into Jerome Powell
Three former heads of the U.S. Federal Reserve, along with 10 other eminent former officials, strongly criticized a criminal investigation into current Fed Chair Jerome Powell on Monday, calling it a threat to the central bank's independence. The group, including Janet Yellen, Ben Bernanke, and Alan Greenspan, issued a statement rallying behind Powell, according to the BBC.
The former officials asserted that such investigations undermine the integrity of monetary policy. "This is how monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly," they wrote in their statement, as reported by the BBC. The statement did not provide details on the nature of the criminal investigation.
AI-Assisted Journalism
This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.
Deep insights powered by AI
Continue exploring
Gold prices shattered records on Monday, surging past $4,600 an ounce for the first time ever as a confluence of geopolitical tensions and domestic policy uncertainty fueled a rush to safe-haven asset
European leaders have united in a show of solidarity with Greenland, rebuking U.S. President Donald Trump's renewed interest in acquiring the Arctic island. In a joint statement released Tuesday, the
India's delicate economic dance continues as consumer inflation edged up to 1.33% in December, a subtle shift from the previous month's 0.71%. While seemingly a minor adjustment, this upward creep in
Apple is breaking its silence on artificial intelligence, partnering with Google to supercharge its AI capabilities, most notably a significant upgrade to Siri slated for later this year. The multiyea
The Corsair Void Wireless V2 gaming headset, now under $100, offers Dolby Atmos spatial audio and broad compatibility across devices via Bluetooth, enhancing immersive gaming experiences. Its lightweight design and breathable ear cups prioritize comfort, making it a budget-friendly option that doesn't compromise on key features for gamers seeking both performance and value.
An FBI agent's testimony seemingly contradicts ICE agent Jonathan Ross's sworn statement regarding a detainee's request for legal counsel, raising concerns about adherence to federal training protocols. This discrepancy emerges amidst scrutiny of Ross's involvement in the fatal shooting of Renee Nicole Good, highlighting the critical role of accurate testimony and proper law enforcement procedures in AI-driven analysis of legal and ethical implications.
Minnesota is suing the Department of Homeland Security to halt "Operation Metro Surge," claiming the large-scale immigration operation deploying federal agents constitutes an unconstitutional "invasion" that threatens public safety. The lawsuit alleges the operation has led to chaos, school closures, and diverted police resources, raising concerns about the balance between federal immigration enforcement and local governance. This case highlights the ongoing debate surrounding the appropriate scope and methods of AI-driven immigration enforcement and its potential impact on community well-being.
New York State is proposing legislation to allow limited commercial self-driving car services, excluding New York City, contingent on demonstrated local support and strong safety records. This initiative aims to improve road safety and mobility using autonomous vehicle technology, potentially opening the door for companies like Waymo and Zoox to expand operations in the state. The pilot programs will require companies to submit applications and adhere to strict safety standards overseen by state agencies.
The FCC has granted Verizon a waiver, removing the requirement to automatically unlock phones after 60 days, potentially hindering consumers' ability to switch carriers. This decision shifts Verizon's unlocking policy to align with the CTIA's voluntary code, requiring customers to request unlocking after fulfilling contract terms or waiting up to a year for prepaid devices, raising concerns about consumer choice and market competition.
The Corsair Void Wireless V2 gaming headset is now available for \$80, offering a 50% discount on a feature-rich device. This headset provides comfortable design, wide compatibility, and Dolby Atmos spatial audio, enhancing gaming immersion, particularly in titles like "Satisfactory," and is compatible with multiple gaming systems via Bluetooth.
Linus Torvalds utilized an AI coding tool, likely Google's Gemini via the Antigravity IDE, for a Python-based audio visualizer within his hobby project, AudioNoise, which generates digital audio effects. While Torvalds acknowledges the AI's role, he emphasizes its limited scope and his continued focus on traditional coding methods, particularly for core system development, highlighting a pragmatic approach to AI in software creation. This experiment showcases the potential for AI assistance in specific coding tasks, even for prominent figures like Torvalds, but doesn't signal a wholesale shift towards AI-driven development.
An FBI agent's testimony seemingly contradicts ICE agent Jonathan Ross's sworn statement regarding a detainee's request for legal counsel, raising concerns about Ross's adherence to federal training protocols. This discrepancy surfaces amidst scrutiny of Ross's involvement in the fatal shooting of Renee Nicole Good, highlighting the critical role of accurate testimony and adherence to protocol in law enforcement operations and underscoring the potential for AI-driven analysis to identify inconsistencies in legal proceedings.
Discussion
Join the conversation
Be the first to comment