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President Donald Trump nominated Kevin Warsh to be chairman of the Board of Governors of the Federal Reserve on Friday, elevating an outspoken critic of the Fed’s current leadership who has recently indicated support for Trump’s broad goals of lowering interest rates.
“I think the Fed has the balance wrong. A rate cut is the beginning of the process to get the balance right,” Warsh said in an interview in July. But he is not a lock on reflexively lowering rates to align with Trump’s agenda. The Wall Street Journal editorial board said Friday that Warsh’s selection was notable given that his longstanding views on monetary policy could run against Trump’s desire to quickly lower interest rates.
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Jewish and pro-Israel organizations that have celebrated the Abraham Accords in recent years appear slow to recognize the role they could be playing within the Abrahamic coalition — particularly by leveraging their Washington clout and decades of experience engaging Congress — as countries in the accords face increasing criticism for their participation in the normalization framework.
In recent weeks, prominent Saudi social media figures and media outlets have amplified sharply critical and often inflammatory rhetoric aimed at countries that joined the Abraham Accords, particularly the United Arab Emirates, portraying normalization with Israel as a betrayal of regional interests and casting Abu Dhabi as a proxy for Israeli power.
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Sen. Lindsey Graham (R-SC) expressed confidence on Thursday that Saudi Arabia is intent on maintaining its status as a moderating force in the Middle East amid growing concerns that Riyadh is entertaining more hardline Islamism.
Graham met on Thursday morning with Saudi Defense Minister Khalid bin Salman Al Saud in Washington and spoke by phone on Wednesday with Saudi Foreign Minister Faisal bin Farhan Al Saud. The South Carolina senator sat down with Jewish Insider on Thursday afternoon for a wide-ranging discussion, where he said that, despite feeling unsettled by some Saudi conduct, he is not concerned that the kingdom is making a pivot toward a more extremist posture, as some in the region and the Jewish community have worried.
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Rep. Tim Walberg (R-MI), the chairman of the House Education and Workforce Committee, accused Evanston, Ill., Mayor Daniel Biss on Wednesday of blocking city police from assisting Northwestern University in responding to the 2024 anti-Israel encampment on the campus protesting the war in Gaza — against the school’s request.
Biss, who is running in a competitive race for an open Illinois House seat, pushed back, accusing Walberg of attempting to sabotage his primary campaign at the behest of AIPAC.
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Sen. Richard Blumenthal (D-CT) warned on Thursday that the U.S. would need to reevaluate its relationship with Saudi Arabia if Riyadh makes a long-term pivot against efforts to normalize relations with Israel.
Israeli Prime Minister Benjamin Netanyahu suggested this week that Saudi Arabia’s increasing rapprochement with Turkey and Qatar would be a nonstarter for continued normalization efforts. Leading Saudi figures and media have also recently taken a strongly anti-Israel and antisemitic tone, which Netanyahu said provides aid to anti-Israel forces.
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Police say the 36-year-old who ran his vehicle into the Chabad Lubavitch world headquarters in Brooklyn on Wednesday night had previously attended an event at the synagogue, and was again attempting “to connect with the Lubavitch Jewish community” — but will now face multiple hate crimes charges.
At a Thursday press conference, NYPD Chief of Detectives Joseph Kenny disclosed that Dan Sohail of Carteret, N.J., was the driver who plowed his Honda Accord into the Crown Heights synagogue and yeshiva of the late Lubavitcher Rebbe, Rabbi Menachem Mendel Schneerson. Kenny revealed that Sohail had “recently connected with the Lubavitch community” and attended a “social gathering” at the same location 10 days prior. The vehicle ramming occurred on Yud Shevat, the anniversary of the death of Rebbe Yosef Yitzchak Schneersohn, the previous Lubavitcher Rebbe, a highly significant date for the Lubavitch community that draws large crowds to the Crown Heights area.
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The European Union designated Iran’s Islamic Revolutionary Guard Corps as a terrorist organization on Thursday, marking a significant shift in policy for European countries that had long been wary of irreparably harming ties with Tehran.
The 27 European Union foreign ministers convened in Brussels, Belgium where they voted unanimously to make the designation as a response to Iran’s violent suppression of nationwide protests. The decision puts the IRGC among the likes of al-Qaida, Hamas and the Islamic State on the EU terror list. The bloc also imposed new sanctions on 15 Iranian officials, including top commanders of the Revolutionary Guard, in addition to existing stringent sanctions.
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President Donald Trump, over the last week, has gradually amped up threats of a military strike against Iran, pivoting away from talk of diplomatic negotiations amid continued intransigence from Tehran.
On Wednesday, Trump wrote on Truth Social that “a massive Armada is heading to Iran … ready, willing, and able to rapidly fulfill its mission, with speed and violence if necessary. Hopefully, Iran will quickly “Come to the Table” and negotiate a fair and equitable deal – NO NUCLEAR WEAPONS – one that is good for all parties. Time is running out, it is truly of the essence!”
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