Federal Reserve Chair Kevin Warsh said inflation remains above the Fed’s comfort level and warned policymakers will have “work to do” if underlying price pressures do not fade. He also defended limiting forward guidance, arguing the practice can reduce flexibility.
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A federal judge issued a 14-day pause on Trump administration mail voting rules that would require states to submit voter lists and use specific ballot formats. The order comes about a week before the first midterm mail ballots are due to be sent.
Nepal paused rescue efforts after officials warned that an overflowing debris-dammed lake could trigger more flooding along the devastated border with Tibet. At least 469 people have died in Nepal, and more than 1,500 people are missing across Nepal and China’s Tibet region.
Norway’s King Harald V died Friday at 89 after treatment for a rare blood condition, ending a 35-year reign marked by modernization, public affection and moments of national mourning. His son Haakon has succeeded him as king.
Chinese authorities warned that a barrier lake near the Nepal-Tibet border is at high risk of breaching after a deadly glacier-triggered flood. More than 470 people have been confirmed dead, with hundreds still missing on both sides of the border.
A federal judge ruled the Trump administration illegally retaliated against Anthropic after the AI company sought limits on military use of its Claude model. The order blocks rules cutting Anthropic off from federal work and bars enforcement of its supply chain risk designation.
Fed Chair Kevin Warsh will deliver his first major Jackson Hole speech as investors seek clarity on inflation, interest rates and bond market turmoil. Inflation remains above the Fed’s 2% target, while Warsh has resisted offering a detailed policy roadmap.
A federal judge questioned the Trump administration’s push to restore President Donald Trump’s name to the Kennedy Center facade and rename its grounds by Sept. 8. The Justice Department says the recognition is tied to fundraising and renovations, while Rep. Joyce Beatty argues it defies an earlier court order.