Peterson Institute for International Economics

President Donald Trump attributed a drop in car insurance premiums to his immigration policies, falsely linking prior increases to illegal immigration under the Biden administration. Experts counter that the premium changes were primarily driven by the COVID-19 pandemic's impact on driving behavior and supply chains, not immigration.

Kevin Warsh, newly appointed as Federal Reserve chair by President Donald Trump, faces questions about his leadership style during his first meeting. Analysts debate whether he will push for changes through persuasion or force, with the Fed expected to maintain current interest rates while signaling a potential shift toward tighter monetary policy.

Jerome Powell's legacy as Federal Reserve Chairman is marked by his handling of inflation and standing up to President Donald Trump, with the US economy transformed after eight tumultuous years. Inflation soared after the pandemic and has remained above the Fed's target for over five years. Powell will continue serving on the governing board until he is confident the Fed's independence is restored.

President Trump concluded his Beijing visit with announcements of deals with China, including a Boeing aircraft purchase and discussions on AI cooperation. However, analysts remain highly skeptical about the substantive nature of these agreements, citing China's poor track record of fulfilling previous commitments and the lack of tangible progress on geopolitical issues like Taiwan and export controls.