Warsh, After Talking Tough on Inflation, Faces a ‘No-Win Situation’ on Rates

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Reid Wiseman, Victor Glover, Christina Koch and Jeremy Hansen receive Congressional Space Medal of Honor
The Artemis II astronauts who flew around the moon in April received the US’s highest space honor on Friday.
Donald Trump presented the Congressional Space Medal of Honor to the three Americans and one Canadian whose lunar flyby for the US space agency Nasa set a new distance record for humanity.
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© Photograph: Kent Nishimura/AFP/Getty Images

© Photograph: Kent Nishimura/AFP/Getty Images

© Photograph: Kent Nishimura/AFP/Getty Images
Reid Wiseman, Victor Glover, Christina Koch and Jeremy Hansen receive Congressional Space Medal of Honor
The Artemis II astronauts who flew around the moon in April received the US’s highest space honor on Friday.
Donald Trump presented the Congressional Space Medal of Honor to the three Americans and one Canadian whose lunar flyby for the US space agency Nasa set a new distance record for humanity.
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© Photograph: Kent Nishimura/AFP/Getty Images

© Photograph: Kent Nishimura/AFP/Getty Images

© Photograph: Kent Nishimura/AFP/Getty Images
Commodity Futures Trading Commission said Gabriel Perez wagered on Kalshi about words president used in speeches
A White House teleprompter operator who left his post amid accusations that he used inside knowledge to make bets on Donald Trump’s speeches on an online prediction market has been fined $172,000, according to federal regulators.
Gabriel Perez illicitly exploited “material, nonpublic information” that he gathered through his work for the president in order to place wagers on the Kalshi platform “for his personal benefit”, the Commodity Futures Trading Commission (CFTC) maintained in a news release on Friday.
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© Photograph: Nathan Posner/Anadolu via Getty Images

© Photograph: Nathan Posner/Anadolu via Getty Images
In deep red South Carolina, the president helped stoke apprehension of a deeper red surge ahead of November’s US midterm elections
After casting his vote in South Carolina, a man who introduced himself as Chestnut was unwilling to give his full name. “You don’t have a need to know,” the air force veteran declared. He was, however, happy to share his views.
“I’m a true American. I believe in the USA,” said the man, outside Christ the Servant Lutheran church in Conway. “And I don’t believe in communism or socialism.”
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© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images
Ignore Iran, the Epstein files, and your wallet – not to mention Trump’s plummeting approval ratings
Don’t mention the war! Or the economy, for that matter. Or the Epstein files. Or Natalie Harp. Or “affordability”, which, as Donald Trump recently said at a rally, is a word that was “never used” by the media before he took office. Best not to talk about anything that affects ordinary people or embarrasses the president, really. Instead, let’s all rejoice in Trump’s latest triumph: renaming Lake Ontario, which is shared by Canada and the US, as Lake America.
On Thursday, Trump signed an executive order directing federal agencies to America-fy the lake’s name on US maps and documents, which is an excellent use of time and resources. I suppose we can at least be thankful that the president, who is trying to slap his own name on everything from airports to the Kennedy Center, didn’t decree that the body of water be called Lake Trump.
Arwa Mahdawi is a Guardian columnist
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© Photograph: Al Drago/Pool/Al Drago - Pool/CNP/Shutterstock

© Photograph: Al Drago/Pool/Al Drago - Pool/CNP/Shutterstock
Searching for exoplanets and clues on planet formation, the Roman telescope begins million-mile journey from Florida launchpad
A $4.3bn space telescope that Donald Trump tried to kill has lifted off from Florida as Nasa embarks on the next stage of its quest to unlock the secrets of the universe.
The Nancy Grace Roman space telescope survived two rounds of proposed White House budget cuts, and began a million-mile journey into deep space from a launchpad at the Kennedy Space Center on Sunday morning. .
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© Photograph: Joe Skipper/Reuters

© Photograph: Joe Skipper/Reuters

© Photograph: Joe Skipper/Reuters
Searching for exoplanets and clues on planet formation, the Roman telescope begins million-mile journey from Florida launchpad
A $4.3bn space telescope that Donald Trump tried to kill has lifted off from Florida as Nasa embarks on the next stage of its quest to unlock the secrets of the universe.
The Nancy Grace Roman space telescope survived two rounds of proposed White House budget cuts, and began a million-mile journey into deep space from a launchpad at the Kennedy Space Center on Sunday morning. .
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© Photograph: Joe Skipper/Reuters

© Photograph: Joe Skipper/Reuters

© Photograph: Joe Skipper/Reuters

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US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves
Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.
The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth.
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© Photograph: Anadolu/Getty Images

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US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves
Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.
The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth.
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© Photograph: Anadolu/Getty Images

© Photograph: Anadolu/Getty Images
Nearly 600 days after the devastating 2025 fires, thousands of Los Angeles residents are still waiting for more than $15bn in federal funds to rebuild their communities
As thousands of residents in Spokane, Washington, begin to grapple with a long recovery after a destructive set of blazes that consumed hundreds of homes in the state’s second most populated city this month, victims of the Los Angeles firestorm broke a grim record – they have faced the longest delay in modern history for federal aid.
Nearly 600 days since a historic firestorm roared into communities across Los Angeles, reducing more than 16,000 structures to ash and toxic debris, the Trump administration has failed to appropriate more than $15bn in long-term recovery funds that are crucial to rebuilding. The delay in supplying the badly needed funds is months longer than the last record set when victims of the Maui fires had to wait 500 days to receive the support, LAist noted this week.
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© Photograph: David Ryder/Reuters

© Photograph: David Ryder/Reuters
National Park Service, which backs the 250ft arch, says it is likely to disrupt historical significance of dozens of sites
A new National Park Service report backs Donald Trump’s proposed arch, despite what it says are adverse effects to the sightlines of a host of landmarks in Washington, including the Washington Monument and the Lincoln and Jefferson memorials.
The report released on Friday says the 250ft-tall (76-meter) memorial arch is likely to disrupt the historical significance of dozens of sites near its planned location adjacent to the Arlington Memorial Bridge.
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© Photograph: Andrew Caballero-Reynolds/AFP via Getty Images

© Photograph: Andrew Caballero-Reynolds/AFP via Getty Images

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