Key insight: The U.S. government told Anthropic to shut down its most powerful AI model and the company complied. What’s at stake: The episode raises questions about how much control the government has over commonly used technology. Forward look: Anthropic and U.S. government representatives say they want this issue resolved quickly and the AI models […]
Anthropic shuts down Mythos 5, Fable 5 due to government order Read More »
Key insight: House Republicans and Democrats at a field hearing in Oklahoma City pushed back against potential consolidation of the regional Federal Reserve banks, championing their role in representing diverse local economies. What’s at stake: The hearing comes as Fed Chairman Kevin Warsh has floated streamlining the regional bank structure, with a Fed governor arguing
House Republicans rally around regional Fed banks Read More »
Key insight: The biggest hurdle to shrinking the Fed’s balance sheet is the amount of reserves in the banking system necessary to ensure smooth market function. Fears of 2019-like reserve scarcity have shaped balance sheet management in the post-COVID era. Expert quote: “They are haunted by this. They feel that was an own-goal and there’s
To shrink the balance sheet, Fed must move past 2019 fears Read More »