US News
LAST UPDATE: August 27, 2025
Fed Calls Governor Tenure a ‘Vital Safeguard’
WSJ
The Fed reaffirmed the importance of long, fixed tenures for governors, noting that they can be removed only “for cause,” in response to Trump’s attempt to dismiss Lisa Cook, who will challenge the action legally.
Insight
Emphasizes the institutional protection designed to insulate monetary policy from political influence.
Hungary holds base rate at 6.5% as inflation pressures persist
Hungary’s central bank kept its base rate at 6.5% for the 11th straight month, citing ongoing inflation pressures; the inflation rate was 4.3% in July, with the 3% target unlikely until early 2027.
Insight
This signals a commitment to tight monetary policy despite pre-election fiscal easing, underscoring the trade-off between inflation control and growth.
Lutnick: U.S. Won’t Launch a Sovereign-Wealth Fund
Commerce Secretary Howard Lutnick said the administration will not create a sovereign wealth fund, opting instead for a national and economic security fund backed by trade agreement proceeds.
Insight
Signifies a strategic pivot from centralized sovereign wealth plans toward targeted economic reinvestment through alternative funding mechanisms.
Lutnick suggests U.S. looking at defense industry after Intel deal
Commerce Secretary Howard Lutnick hinted the U.S. is exploring equity investments in defense contractors—like Lockheed Martin—following its 10% stake deal in Intel.
Insight
Signals a possible shift toward direct state engagement in strategic industries under national security pretext.
US business spending on equipment kicks off third quarter on strong note
Core capital goods orders rose 1.1% in July, and shipments climbed 0.7%, signaling strong business investment despite cost pressures.
Insight
Suggests robust business investment in equipment, though cost inflation partly drives the gains.
