Opinion | Warsh’s Bold New Change at the Fed
The new Chair unveils an ambitious, but careful, reform agenda.

The Trump administration has taken aggressive new steps this week to shut down the Department of Education.
The new Chair unveils an ambitious, but careful, reform agenda.
Sen. Mark Warner (D-Va.), vice chair of the Senate Intelligence Committee, joins Meet the Press NOW to discuss the war with Iran as the White House continues to negotiate the terms to a memorandum of understanding. NBC News Capitol Hill Correspondent Melanie Zanona reports on the FISA debate on Capitol Hill as DNI nominee Jay Clayton’s confirmation is delayed amid the president’s frustrations with Congress.
Trump has insisted the deal ensures that Iran will never buy, develop or produce a nuclear weapon. But text of the agreement falls short of that.
The Federal Open Market Committee voted unanimously to leave its benchmark interest rate in a target range of 3.5%-3.75%. Policymakers were split over whether they expect to raise rates this year. This is the first decision issued under Chair Kevin Warsh. Bloomberg's Michael McKee reports. (Source: Bloomberg)
President Trump said Wednesday that oil reserves could have run out in four weeks if the Strait of Hormuz were not opened. “We run out of reserves at about four weeks,” Trump said in France while at the Group of Seven summit, discussing the recent memorandum of understanding with Iran. “You know, there are reserves…
The Trump administration accelerated its assault on the US Education Department on Tuesday by announcing that the agency’s work defending civil rights and students with disabilities will be placed under the authority of other federal departments, a move that teachers, Democratic lawmakers, and advocacy organizations condemned as illegal and disastrous for vulnerable children.Linda McMahon, the billionaire education secretary who has enthusiastically advanced the destruction of her own agency, announced the transfer of the Office of Special Education and Rehabilitative Services—which oversees the Individuals With Disabilities Education Act (IDEA)—to the US Department of Health and Human Services, headed by Robert F. Kennedy Jr. Additionally, the Justice Department will oversee the work of the Education Department’s Office for Civil Rights, McMahon said, claiming the changes would “break down the bureaucratic barriers and strengthen the coordination of resources to improve programs that serve infants, toddlers, children, and adults.”Critics argued the moves would do the opposite, scattering crucial programs across departments that lack the expertise and resources to fulfill the education offices’ mandates, ultimately depriving children and their families of support.“Moving IDEA out of the Department of Education is not an administrative adjustment—it is an attack on the educational and civil rights foundation of the law,” said Becky Pringle, president of the National Education Association. “It would drag us backward by treating disability as a medical issue instead of an educational right and by unraveling decades of progress. The Department of Education is the only federal agency with the expertise, infrastructure, and specialists needed to protect students’ rights and ensure they receive the services they are guaranteed.”“Relocating the Office for Civil Rights to the Department of Justice as part of this scheme would further erode federal oversight and endanger disability-rights enforcement nationwide,” Pringle added.The Arc of the United States, a nonprofit that advocates for the rights of people with intellectual and developmental disabilities, said that “moving special education to HHS and civil rights enforcement to DOJ would split apart the offices responsible for making disability rights real in schools, leaving families chasing answers across the federal government instead of getting accountability from one education agency.”“Moving IDEA oversight into HHS pushes students with disabilities toward a medical model, where disability is treated as a diagnosis to manage instead of a natural part of human life,” said Katy Neas, the group’s CEO. “When that mindset drives education decisions, students are more likely to be segregated, underestimated, or treated as separate from the school community.”“It’s an outrageous betrayal that undoes decades of hard-won progress for students.”The changes that McMahon announced Tuesday are part of the Trump administration’s effort to completely dismantle the Education Department, which cannot be legally abolished without congressional approval. The Washington Post noted that the newly targeted offices were among the last Education Department segments to “outsource major functions,” underscoring that the administration’s assault “has advanced far more than most observers predicted would be possible.”In addition to displacing agency functions, the Trump administration has gutted the Education Department’s staff, firing nearly half of its workers in what opponents say is an obvious effort to decimate public education.Rep. Rosa DeLauro (D-Conn.), the top Democrat on the House Appropriations Committee, said the transfer of critical functions out of the Education Department is unlawful, “usurping the power of the purse while the Republican majority stands idly by, forfeiting their authority as a co-equal branch of government.” DeLauro pointed to language in a 2026 appropriations measure enacted earlier this year that prohibits the Education Department from transferring responsibilities to other federal agencies without congressional approval.“This is a disgraceful violation of the law,” DeLauro said Tuesday. “By moving special education from the Department of Education to the Department of Health and Human Services, the administration is taking us back to a dark period in American history. One where individuals with disabilities were viewed not as whole persons deserving of an education, but as medical patients whose education is not a priority.”The top Democratic appropriator in the Senate, Patty Murray of Washington, warned that “the Trump administration is abandoning kids with disabilities and its most basic legal responsibility to protect the rights of every student in the classroom.”“Instead of helping kids get a great education, this administration is spending its time, energy, and taxpayer resources fixated on where employees sit and illegally trying to shutter the...
President Donald Trump has been highly critical this week of Israel's conduct in Lebanon — especially after deadly Israeli airstrikes in Beirut over the weekend nearly blew up the U.S.-Iran peace deal."Too many people are being killed," Trump said at the G7 summit in France on Tuesday. "And you don't have to knock down an apartment house every time you're looking for somebody, because there are a lot of people in those apartment houses, and they're not all Hezbollah."'The final deal will confirm the permanent termination of the war on all fronts, including in Lebanon.'Between March 2 and June 14, at least 3,783 people were killed and 11,699 were wounded during Israel's campaign against Hezbollah on Lebanese soil, according to Lebanon's health ministry. At least 28 Israeli soldiers have reportedly perished in the conflict, and four civilians were killed in Hezbollah attacks.The Lebanese government estimated that by late April, over 21,000 Lebanese homes had been destroyed and over 40,000 housing units had been damaged.After Israel launched new strikes in Southern Lebanon on Wednesday, Trump resumed his criticism, stating both that "the Lebanon piece is something we'll have to work on a little bit" and that Israel could "do a much better job on it."Trump further marveled that there still is a Lebanon "with all they have been through" and emphasized that there must be an end to the war in the country.RELATED: Inside the rift: Trump claims Netanyahu has 'no f**king judgment' after strike threatens Iran peace deal Ronen Zvulun/POOL/AFP/Getty ImagesAfter multiple outlets published what was alleged to have been a leaked draft of the memorandum of understanding between the U.S. and Iran, a senior Trump administration official read in a briefing with reporters a transcript of the actual "Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran," which apparently states in the first of 14 points:The United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MOU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon. The final deal will confirm the permanent termination of the war on all fronts, including in Lebanon and other provisions of this paragraph.The deal also requires, among other things, that:the U.S. and Iran respect one another's sovereignty and territorial integrity and refrain from interfering in each other's internal affairs; the U.S. and Iran commit to negotiating and securing a final deal within the next 60 days;the U.S. remove its naval blockade within the next 30 days and remove its forces from the proximity of Iranian territory within 30 days of the final deal;Iran make arrangements for the safe passage of commercial vessels with no charge for 60 days "only from the Persian Gulf to the Sea of Oman, and vice versa";the U.S. will work with regional partners "to develop a definitive, mutually agreed plan with at least $300 billion for the reconstruction and economic development of the Islamic Republic of Iran";the U.S. will take steps to terminate all types of sanctions against Iran;Iran reaffirm that it will not procure or develop nuclear weapons, and the two parties will further discuss the matter of enrichment and related matters "based on a satisfactory framework being agreed upon in the final deal";the U.S. Department of Treasury will, upon the signing of the MOU, issue waivers for the exportation of Iranian oil, petroleum products, and derivatives and all associated services until sanctions are fully terminated;the U.S. will take steps to "make fully available for use the frozen or restricted funds and assets of the Islamic Republic of Iran upon the implementation of this MOU."While President Donald Trump and Vice President JD Vance have reportedly already signed the MOU digitally, a formal signing is scheduled to take place on Friday in Geneva, Switzerland.Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
Racism, according to Merriam-Webster, includes "the systemic oppression of a racial group to the social, economic, and political advantage of another." By that definition, the Department of Education's Office for Civil Rights (OCR), which by law could not protect Christians from religious discrimination and by practice deprioritized complaints from white students for decades, qualified as racism, funded with public monies. The post Trump Administration Moves Biased Civil Rights Out of Department of Education appeared first on The Gateway Pundit.