The Fed raised interest rates to curb inflation, as expected, but mortgage rates are surging and flailing Scott Bessent remains the treasury secretary. 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. Plus, the Europeans who once parked their gold in the US to hide it from the Nazis are now trying to protect it from Trump.

Catherine Rampell and Stephen Witt join Tim Miller.

show notes:

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Stephen's "This Is Really Bad" piece in the NYT
The latest episode of "The Next Level"
Dan Selsam's statement on Twitter that Tim read from
"If Anyone Builds It, Everyone Dies," the book Stephen mentioned
Huang's "impromptu" phone call with Trump
Closing song - Orville Peck - It's the End of the World
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Catherine Rampell and Stephen Witt: Can We Avert Economic Disaster and the Robot Apocalypse?

The Bulwark Daily

Catherine Rampell and Stephen Witt: Can We Avert Economic Disaster and the Robot Apocalypse?