The Aporia
The Federal Reserve increased interest rates as anticipated to address inflation, but mortgage rates are rising sharply despite these measures. Scott Bessent continues to struggle as Treasury Secretary. In addition, prominent figures in the AI community have raised alarms about potential risks from artificial intelligence technology, facing backlash particularly from Nvidia's CEO Jensen Huang. Despite this opposition, Huang appears to enjoy favorable treatment under former President Donald Trump’s administration. Meanwhile, European countries are trying to safeguard their gold reserves once held in the US during World War II, now threatened by current political uncertainties linked to Trump. Catherine Rampell and Stephen Witt discussed these issues with Tim Miller on a recent episode of *The Bulwark*. The Bulwark is also hosting an event in Ohio on September 25th where all profits will be donated to help those in need in Springfield.
Meanwhile, the alarm raised in the AI community is not an op despite the backlash from people like Nvidia's Jensen Huang, who seems to get everything he wants from Donald Trump.
the Europeans who once parked their gold in the US to hide it from the Nazis are now trying to protect it from Trump