How Powell Just Complicated Trump’s Fed Plans

Andrew here. On my mind: a new report that the White House wants to limit the wider rollout of Anthropic’s powerful new model, Claude Mythos Preview. It’s not just about safety — the Trump administration is said to be worried that Anthropic doesn’t have enough computing power to serve both corporate customers and the government adequately.

There’s a growing risk of “compute inequality,” in which those without huge hardware resources are exposed and get left behind. (Then again, some skeptics suggest that the government is throttling the commercial expansion of Mythos to help out OpenAI and xAI, which have less-fraught ties with the administration.)

Also, this will be a talker: Amazon, which acquired “The Apprentice” franchise when it bought MGM, may reboot the show. The potential host? Donald Trump Jr.

Powell for longer

The succession intrigue hanging over the Fed may be subsiding, but President Trump and Kevin Warsh, his pick to run the central bank, may soon face a new drama if Warsh takes over.

Article source: https://www.nytimes.com/2026/04/30/business/dealbook/powell-fed-trump-warsh.html