As the 33rd day of the US-Israel war against Iran drew to a close, all eyes were on US President Donald Trump’s speech later tonight, which diplomats and military analysts alike foresee as a defining moment that could set the next trajectory of the conflict, even as developments on the ground pointed less to de-escalation and more to an impending shift toward a higher risk escalation likely centred on control of critical maritime arteries. Speculation around the speech dominated the information space, with Trump’s public messaging about a possible “two-to-three-week” exit widely interpreted as tactical ambiguity rather than a genuine off-ramp; particularly in light of parallel military movements that suggested preparation for escalation, including the deployment of 18 A-10 Thunderbolt II aircraft which are designed for close air support of ground troops, heightened alert status for elements of a Marine Expeditionary Unit, and sustained heavy lift air traffic involving C-17 and C-5 transports, alongside the fo...
US President Donald Trump nominated Kevin Warsh to lead the Fed, but the financier’s plans to lower interest rates may come up against hard economic realities and a split board. The US Senate could soon hear testimony to confirm financier Kevin Warsh as the new chair of the Federal Reserve. Warsh, who previously served on the Fed’s Board of Governors from 2006 to 2011, has criticized the central bank’s policies under current chair Jerome Powell. Warsh has called for “regime change” and lower interest rates. Regarding crypto, Warsh has a somewhat nuanced approach. He hails Bitcoin as a sustainable store of value, but claims it doesn’t function as money. Read more
King Charles will make a state visit to the United States in late April, Buckingham Palace said on Tuesday, a high-profile trip that the British government hopes will help to repair relations with President Donald Trump, damaged by the war on Iran. Charles and his wife Queen Camilla will visit the US in a long-planned trip to mark the 250th anniversary of that country’s independence from British rule, before the couple visits Bermuda. “Their majesties’ programme will celebrate the historic connections and the modern bilateral relationship between the United Kingdom and the United States,” Buckingham Palace said, adding the trip was being made on the advice of the British government. It will be the first state visit by a British monarch since 2007, when Charles’ mother Queen Elizabeth made what was the fourth such US trip of her reign. Trump said the king and queen’s visit would begin on April 27 with a banquet dinner at the White House the next day. “I look forward to spending time with the King, whom I great...