How Meta Could Quietly Win The AI Race

The Federal Reserve raised interest rates by a quarter point for the first time since 2023, a move that was widely expected but still rattled markets. Stocks sold off, the 10-year Treasury yield rose above 5%, and President Trump lashed out at the Fed—while notably sparing Chair Kevin Warsh from his criticism. Trump claimed Warsh wanted to hold rates steady but was forced to go along with a "very hostile board." The hosts largely applauded the hike as a display of institutional independence, though they acknowledged a legitimate counterargument: the current inflation spike is driven by a supply shock from the war in Iran and rising oil prices, which monetary policy cannot fix. Scott Galloway framed the decision as a leadership test that Warsh passed, calling it "good government." Ed added that while the Fed's only tool is raising rates, the jury is out on whether it will work—and if it doesn't, the economy faces even bigger problems.

MetaMuse: The Quiet AI Contender