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Trump and Vance Lean on Fed as Rate-Hike Odds Climb; Warsh Warns Inflation Still Too Hot

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‼️ President Donald Trump, Vice President JD Vance and other senior administration officials are publicly urging the Federal Reserve to hold off on raising interest rates or to cut them, even as markets assign roughly a 60% probability to a 25-basis-point September hike after August’s payroll report showed 162,000 jobs added. Meanwhile, Fed Governor Christopher Warsh has warned that inflation remains above the Fed’s 2% target and is broadening across consumer categories, underscoring the tension between political pressure for easier policy and the central bank’s price-stability mandate.

Pentagon Takes Equity Stake in NABEP: 65B-Barrel Venezuela Deal Could Create World’s No. 2 Oil Giant

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‼️ 🛢️ President Donald Trump’s Venezuela oil deal grants the Pentagon an equity stake in North America Blue Energy Partners (NABEP), which has secured concessions to 65 billion barrels of proved reserves—potentially making it the world’s second-largest oil company. While the Trump administration has taken equity stakes in various firms to secure critical resources and technology, direct US government ownership in an oil company remains rare, with few historical precedents.