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The Threat to the Federal Reserve's Independence Jerome Powell, who stepped down as chair of the Federal Reserve, had his hits and misses. The Fed was late to react as prices started rising when the Covid pandemic abated, but they eventually acted forcefully and achieved the most rare of feats: a “soft landing”, curbing inflation without sparking a recession or damaging employment. Powell's Defense of the Fed's Independence Powell's most lasting accomplishment will most likely be his outspoken efforts to defend the independence of the Fed from an assault by the imperial presidency of Donald Trump. The chair managed the president smoothly, ignoring his demands to slash interest rates at every turn. When Trump went for the jugular, threatening to indict Powell over the spurious charge of lying to Congress about the cost of refurbishing the Fed’s headquarters, he pushed back, refusing to step down and publicly condemning Trump’s real motivation: payback. The Data Analysis Even if Kevin Warsh, Trump’s pick to replace Powell, proves to be the president’s sock puppet, eager to cut rates regardless of mounting fears of higher inflation, he is unlikely to convince most of the 11 other members of the federal open markets committee, only two of which are Trump appointees. The Impact Analysis Trump’s ultimate goal is to subjugate the Fed to his will. Though he has failed thus far, he has the right supreme court to do it, run by a conservative majority that buys into the “unitary executive theory”, which in the vernacular means let-Trump-do-whatever-he-wants. The Fed is not safe, and Powell is not the only Fed official harassed by the president. The Prediction The institutional grounding of the US government in limbo. Much of the federal apparatus looks doomed to be trampled by a whimsical president. The Fed’s independence survives, for now, hanging from an arbitrary thread. Powell should be applauded for staying on the board. He can’t stop the supreme court from making a mess. But he can help make the best of the Fed’s autonomy while it has it.

Rian Brazil's Sonic Journey Rian Brazil, a Brighton-born producer, has had his track played by Björk while DJing at the Venice Biennale. His music masterfully blends earworms from the UK underground with deeply vulnerable vocals. The Engine Heartbreak EP Brazil's forthcoming Engine Heartbreak EP features a range of sounds, from drum’n’bass love-songs to gospel-inflected tracks and glitchy electronica. His real name, Brazil, weaves a sonic world that's both addictively online and yearning for real-life connection. This Week's Best New Tracks Jorja Smith – What’s Done Is Done: A song-of-the-summer contender with a heavily bassy beat and UKG influences. Helado Tropical – Tocando: A sweet guitar and lo-fi fuzz track about a slipping relationship. Show Me the Body​ – No God: A brutally funky, danceable hardcore punk track rejecting religion. The Avalanches – Together (ft Nikki Nair, Jessy Lanza and Prentiss): An electro-pop candyland track with a camera shutter beat. Overmono – Lockup: A masterful inversion of bass-driven tech-house with chaotic detail. Alys(alys)alys – Effervescence: A perilous, bassy track with splintered vocals and overwhelming drums. Ivy Knight – Beacon: A beautifully produced track with crisp acoustic guitar and amorphous bass. Playlist and Subscription Subscribe to the Guardian's rolling Add to Playlist selections on Spotify or transfer it to Apple, Tidal or other services.

Top Picks in Crime and Thrillers A selection of standout crime and thriller novels reviewed recently. Honey by Imani Thompson Honey by Imani Thompson (Borough, £16.99) centres on Yrsa, a young Black woman studying for a sociology PhD and teaching undergraduates at Cambridge. Irritated by her solipsistic, over-privileged students and tired of situationships, she’s fed up with life, and men in particular. Her first killing – that of a much older supervisor who reneges on his promise to leave his wife for a colleague, and steals her research in the process – is an accident, but Yrsa, who has catastrophically poor impulse control, enjoys the sensation and, more importantly, gets away with it. Quite Ugly One Evening by Chris Brookmyre Quite Ugly One Evening by Chris Brookmyre (Abacus, £22) features journalist Jack Parlabane, now 60, who feels increasingly like a “Boomer Ambassador” to the younger colleagues who are snapping at his heels. With his job on the line, he agrees to investigate a cold case: the death, 40 years earlier, of an MI5 operative. The Final Chapter by CB Everett The Final Chapter by CB Everett (Simon & Schuster, £18.99) is a metafictional tour de force: the story of literary superstar Jon Durward, who achieved critical acclaim, commercial success, well-regarded film adaptations and a Booker prize before he mysteriously disappeared in 2009. The Hollow Boys by Tariq Ashkanani The Hollow Boys by Tariq Ashkanani (Viper, £18.99) is set in Appalachia, a prize-winning Scottish author’s latest novel and a masterpiece of smalltown horror. The town of Aurora seems doomed – blighted by poverty, drug addiction, diseased crops, a mysterious beast that slaughters dogs and an underground coal seam fire that grows ever closer. Shrink Solves Murder by Philippa Perry Shrink Solves Murder by Philippa Perry (Hutchinson Heinemann, £18.99) features therapist Patricia Phillips, who lives on East Sussex’s South Downs with Dave the cat, and swims in the sea every morning. When her client Henry Clayton’s body is found below cliffs near the notorious suicide spot Beachy Head, the police assume he has taken his own life.

A Global Celebration of Visual Storytelling For the 15th installment of the annual Photoville festival, which sees more than 90 exhibits of photographic portfolios from all around the world, festival co-founder Sam Barzilay is thinking about apples – specifically the bizarre and at times cosmic-looking ones in the exhibit Old Apples. "I was so delighted it got selected," he enthusiastically shared. "It's the most whimsical thing we have, it's about apples and how there are no two apples in nature that are the same." Diverse Exhibitions Reflect Contemporary Society With exhibitions celebrating everything from cumbia music to the many ways people play soccer globally and even a fox sanctuary, Photoville may be more whimsical than ever, but the show also delivers a satisfying range of the hard-hitting reportage and documentation that have made prior years so vital. Collections this year run the gamut from turbocharged wildfires in the western US to how racial inequalities affect water access to the ways in which ICE has brought chaos to many American communities. Amplifying Marginalized Voices Through Photography In light of efforts by the Trump administration to erase the reality of trans people, Photoville offers two exhibits that attest to the enduring nature of trans lives. Special Girls, which draws from the mammoth archive of photographer Remsen Wolff, shows off 1990s-era photos of trans women, as well as gender nonconforming individuals such as crossdressers and drag queens. "The world has changed dramatically from then to today," said Barzilay, "this is a celebration of the fact that this is not a new idea." Documenting Human Resilience in Challenging Circumstances Lexi Parra's portfolio of work The Avillas documents what happens after the titular family's matriarch self-deports amid terrifying threats directed toward immigrants in the United States by the Trump administration. The photos make for an extremely difficult reminder of what happens when a beloved member of a family is torn away from it. "It's looking at their lives today as they try to figure out what to do next," said Barzilay. The extremely moving collection Puppies Behind Bars is the fruit of the nearly two years that photographers Ashley Gilbertson and Ava Pellor spent in the men's maximum security Green Haven, documenting the titular program wherein those incarcerated raise puppies to become service dogs. "The dogs humanize an environment that's devoid of all humanity," said Gilbertson. "It gives men who have committed grave crimes against society a chance to do something, it gives men a chance to show weakness and vulnerability to be emotionally open and playful, it gives them a sense of responsibility." Cultural Preservation Through Visual Documentation The Women's Grass by Blackfeet Nation photographer Whitney Snow documents that intricate web of cultural knowledge and practice that has grown around sweetgrass. Long used by the Blackfeet in both religious ceremonies and as medicine, the plant is the province of the tribe's women, who have passed down knowledge of sweetgrass from generation to generation. "Women are held to a very high regard in our society," Snow said. "To have plant knowledge like that is considered very prestigious." The Future of Documentary Photography Festivals As Photoville continues to grow in its 15th year, it represents a vital platform for photographers addressing pressing social issues while also celebrating the beauty and diversity of human experience. The festival's ability to balance whimsical, light-hearted exhibitions with profound social commentary demonstrates the power of photography to both comfort and challenge viewers. In an increasingly polarized world, events like Photoville provide spaces where diverse perspectives can be shared and understood, suggesting that documentary photography festivals will continue to play an essential role in fostering empathy and understanding in the years to come.

Finland Standdown Follows Drone Scare Amid Regional TensionsFinland has stood down its defence forces after sounding an alarm over suspected drone activities in its airspace. The authorities said on Friday that suspected drone activity above the Helsinki region no longer posed a threat and that the situation was returning to normal hours after launching an emergency response, including the launch of fighter jets and closure of the capital's airport.Emergency Response Measures in HelsinkiThe Helsinki City Rescue Department had warned the nearly 2 million inhabitants of Finland's Uusimaa region to stay indoors starting about 4am local time (1:00 GMT), as fighter jets were scrambled. Helsinki's airport was also closed for about three hours. Later, President Alexander Stubb wrote on X that authorities had "demonstrated their readiness and capacity to react", adding that the country was now facing "no direct military threat".Kimmo Kohvakka, director general for rescue services at the Ministry of the Interior, called the response a "precautionary measure" and said "daily life can continue."Rising Regional Security ConcernsThe alarm illustrates the tension stalking the region as Finland and the Baltic states eye Russian aggression and daily missile and drone attacks amid Moscow's continued war on Ukraine.The Baltic states of Estonia, Latvia and Lithuania have reported a series of suspected Ukrainian drones headed for Russia entering their airspace, prompting domestic criticism over their ability to respond to military threats.In March, two drones crossed into Finnish territory and crashed after flying low over the sea and southeastern Finland. Finnish authorities did not indicate the source of Friday's drone activity. However, defence forces operations chief Kari Nisula suggested that Finland had received information from Ukraine about drones potentially straying into the country.Political Fallout in LatviaThe situation has led to a full-blown government crisis in Latvia. Prime Minister Evika Silina resigned on Thursday after a coalition partner pulled support. The move followed the ousting of the defence minister after a drone crashed at a fuel storage facility.Escalating Drone WarfareThe incident in Finnish airspace unfolded as Ukraine maintained its drone attacks on Russian oil and energy infrastructure, and Kyiv continued counting the costs of a huge strike that killed two dozen people.Russia's Ministry of Defence said on Friday that its air defence systems shot down 355 Ukrainian drones targeting Moscow overnight, as well as the border regions of Belgorod, Bryansk and Kursk.Among the targets was an oil refinery in the central city of Ryazan, about 200km (125 miles) southeast of Moscow, according to the commander of Ukraine's drone forces. The attack killed three people and wounded 12, regional Governor Pavel Malkov wrote on Telegram. Two high-rise apartment buildings were struck, he said, while debris fell on the grounds of an industrial enterprise.Civilian Casualties MountMeanwhile in Kyiv, the death toll from a Russian barrage on an apartment building on Thursday rose to at least 24 people, including three children, Ukrainian President Volodymyr Zelenskyy said. Forty-eight people were wounded.Diplomatic Developments Amid ConflictAmid the ongoing violence, Russia and Ukraine have moved ahead with a prisoner swap that saw 205 POWs repatriated on each side on Friday. It was the first step of a swap that is planned to ultimately see 1,000 people on each side return home.The two sides also conducted an exchange of those killed in the fighting, with Russia handing 526 bodies to Ukraine and receiving 41 in return. Both Kyiv and Moscow thanked the United Arab Emirates for mediating the swap.Zelenskyy wrote on social media that most of the prisoners returned to Ukraine had been in Russian captivity since 2022. "We will continue to fight for every single person who remains in captivity," he said.

The Looming Fuel Crisis Demands Immediate Action Leading climate and transport organizations are calling on the UK government to implement pre-emptive measures to address an impending fuel supply crisis. The coalition, including Greenpeace and Transport and Environment, warns that ministers must not "sleepwalk into a crisis" that could lead to severe shortages of jet fuel and spiralling petrol prices in the coming months. Proposed Measures to Reduce Fuel Demand The campaign group has outlined several key measures to lower demand for oil in a fair and orderly way: Banning private jets and short-haul flights that can be covered by train in under six hours Reducing the speed limit on UK motorways to 60mph Implementing a levy on ultra-frequent flyers Doug Parr, chief scientist at Greenpeace UK, emphasized that these measures would cause minimal inconvenience now while avoiding more painful decisions later. "By getting ahead of the problem, ministers can not only soften the blow for UK drivers and passengers – they can also cut climate emissions and put fairness at the heart of this crisis response," he stated. Quantifying Potential Fuel Savings According to Greenpeace analysis, the proposed measures could have a significant impact on fuel consumption: A ban on private jets combined with measures on frequent flyers and short-haul flights could save nearly a million tonnes of jet fuel annually, representing 8% of the UK's total jet fuel consumption Reducing motorway speed limits by 10mph could save nearly half a million tonnes of fuel, equivalent to 1.5% of the UK's road transport fuel use UK's Vulnerability to Fuel Shortages The UK is particularly exposed to the looming jet fuel shortage, with analysts warning of a real risk of rationing as supplies fall to "critically low levels" just before the busy summer holiday season. This vulnerability stems from the country's dependence on imported oil and the geopolitical tensions surrounding the US-led war in Iran. International Energy Agency head Fatih Birol has warned that the conflict in Iran would have an impact similar to the combined effect of the 1970s oil shocks and Russia's invasion of Ukraine. Many governments worldwide have already introduced measures ranging from fuel rationing to limiting car journeys and increasing renewable energy investments. Political Response and Future Outlook Green party leader Zack Polanski backed the call for banning private jets, highlighting the contrast between ordinary families facing canceled holidays and the "super rich" continuing to use private jets for unnecessary trips. "The government should act now: put in place a temporary ban on non-essential private jet travel to save the summer holiday for the families who have worked hard to save for it," he urged. Anna Krajinska, UK director at Transport and Environment, emphasized that the crisis exposes the UK's dangerous dependence on volatile fossil fuels. "The long-term solution is clear, the UK must accelerate the shift to new technologies, from electric vehicles to zero-emission aviation. Breaking free from fossil fuels won't just cut emissions, it will deliver a more resilient, secure and prosperous future," she stated. A UK government spokesperson responded that while airlines are not currently seeing fuel shortages, contingency plans include options for fuel prioritization if needed. The government is not planning to change motorway speed limits, noting that private aviation accounts for a small proportion of total fuel use.

RMT Union Reaches Out for Talks Amid Strike ThreatHopes have been raised that next week's strikes by London Underground drivers could yet be averted, after sources said the RMT union had put out feelers for talks. The RMT members, almost half of London's Tube drivers, are due to strike for two 24-hour periods from midday on Tuesday and Thursday, closing some lines entirely and bringing widespread travel disruption to the capital until the weekend.Background of the DisputeThe action follows a similar wave of strikes in April, with more planned for June in the dispute over a planned four-day week working pattern. No talks have yet taken place and with neither Transport for London (TfL) nor the union apparently willing to alter course, further strikes had appeared inevitable. TfL has warned passengers that many services will not operate next week.Union's Position and Opportunity for ResolutionHowever, a source close to the dispute said that union representatives had now reached out to seek a deal, giving TfL a "window of opportunity" to prevent further strikes. They said that tube drivers were prepared for a long strike campaign of disruption, adding: "It is clear TfL needs to move from its uncompromising position and make some new proposals that do not impose new working conditions that tube drivers will not accept. An opportunity exists for the employer to do the right thing by Londoners and make a reasonable offer to the union."Expected Impact on London's Transport NetworkWith the strike still expected to take place, TfL has urged customers to plan ahead expect significant disruption, with early closures of services on Tuesday and Thursday and late starts on Wednesday and Friday. No trains at all will run on the Circle line, Piccadilly line, and in Zone 1 on the Metropolitan line and the Central line. However, TfL stressed that Londoners and visitors would still be able to travel around the city, with other rail lines and transport modes running, and even some Tube trains during the two 24-hour strike periods.Alternative Transport Usage During Previous StrikesThe Elizabeth line, London Overground and DLR will run as normal, as well as buses, although increased demand and traffic is likely to slow some services. Data from the last strikes in April showed that people continued to travel with patronage across the entire TfL network down only 13-14% overall on most strike days, and approaching normal levels on the Friday. The bike hire firm Lime reported about 20% more trips than average on strike days, while rival Forest said rush hour hires were up between 35% and 50%. Tap-ins to the tube were down between 42% and 48% from Tuesday to Thursday but only 31% on Friday, when travel on TfL services was down 6% overall.TfL's Response and Future OutlookTfL said it was not too late for the RMT to withdraw its planned strike action, and said the objections the union has raised would be resolved with further, more detailed work. The Aslef union, which represents a slight majority of London Underground drivers, has backed the TfL proposals for a four-day week. Claire Mann, TfL's chief operating officer, said: "It is disappointing that the RMT is planning this strike action despite our best efforts to resolve this dispute. We have been clear that our proposals for a four-day week are designed to improve work-life balance and are entirely voluntary."

The latest Premier League developments span contract expiries, transfer speculation, and individual ambitions as clubs brace for the summer window. From Bournemouth confirming a key defender’s departure to Newcastle’s manager subtly acknowledging a potential Bayern Munich deal, the landscape is shifting ahead of the 2026‑27 season.Bournemouth Confirm Marcos Senesi’s Summer ExitMarcos Senesi will depart AFC Bournemouth when his contract expires at the end of the 2025‑26 season. The Argentine centre‑back joined the club from Feyenoord in 2022 and has become a target for multiple suitors after solid performances this campaign.Eddie Howe Indicates Anthony Gordon Could Depart for Bayern MunichNewcastle United manager Eddie Howe suggested that Anthony Gordon may have been rested partly with a view to a future move to Bayern Munich. Gordon has missed the last four games, two due to a hip flexor injury, while reports link him to a €80 million summer transfer.Tottenham Hotspur Await West Ham Result While Resting Over WeekendTottenham, currently 17th, will not play this weekend and will monitor West Ham’s clash with Newcastle before their Tuesday away fixture at Chelsea. Forward Richarlison urged teammates to stay calm, emphasizing the importance of points in the final two games.Bruno Fernandes Targets Premier League and Champions League SuccessManchester United captain Bruno Fernandes reiterated his goal of winning both the Premier League and the Champions League next season. He is one assist away from matching the league record of 20 assists, a milestone shared by Kevin De Bruyne and Thierry Henry.Jack Hinshelwood Nears Brighton Scoring RecordLeeds United’s Jack Hinshelwood is on the verge of breaking a Brighton record by scoring in four consecutive Premier League matches, a feat no former Seagull has achieved. His development has been aided by former Brighton striker Bobby Zamora.Transfer Market Implications and Contract TimelinesSenesi – contract ends June 2026; likely to leave on a free transfer.Gordon – rumored €80 million move to Bayern; no official offer confirmed.Fernandes – contract extension talks ongoing; potential release clause reported at £200 million.Potential Shifts in Club Strategies Ahead of SummerWith key contracts expiring, clubs like Bournemouth and Newcastle may prioritize reinvestment in midfield and defensive depth, while Tottenham’s precarious league position could force a late‑season push for experienced signings.Outlook for the 2026‑27 Transfer WindowExpect heightened activity around free‑agent departures and high‑profile moves such as Gordon’s. Clubs will balance immediate survival needs with long‑term squad building, making the upcoming window one of the most dynamic in recent Premier League history.

The Lead: Trump-Xi Summit Concludes with Claims of Resolved IssuesPresident Donald Trump wrapped up his state visit to China by meeting with President Xi Jinping in Beijing's Zhongnanhai leadership compound, claiming to have settled "a lot of different problems" that previous administrations couldn't resolve. The US president described the visit as "incredible" and emphasized the strength of his personal relationship with Xi, while highlighting what he called "fantastic trade deals" for both countries.The Event Details: Final Day of Diplomatic EngagementThe meeting marked the final day of Trump's summit in China, where the two leaders engaged in both formal discussions and private conversations. Trump specifically mentioned their agreement on Iran, stating both countries share similar views on preventing Iran from acquiring nuclear weapons and keeping the Strait of Hormuz open. "We want them to get it ended because it's a crazy thing there," Trump added regarding the Iranian situation.Following the approximately two-hour meeting, Trump was escorted to Beijing Airport by Chinese Foreign Minister Wang Yi, where a red carpet ceremony awaited. The departure was marked by dozens of schoolchildren waving both American and Chinese flags and chanting "farewell" in unison, symbolizing the carefully choreographed nature of diplomatic protocol.The Impact Analysis: Shifting Dynamics in US-China RelationsThis summit represents a significant moment in US-China relations, coming at a time of heightened trade tensions and geopolitical competition. Trump's emphasis on personal diplomacy and his claim to have resolved longstanding issues suggests a potential recalibration in how the two superpowers engage with each other. The public display of warmth between the leaders contrasts with the often-contentious relationship between their administrations, indicating a possible pragmatic approach to managing differences while seeking common ground.The focus on trade deals and Iran suggests both nations are prioritizing economic security and regional stability, potentially at the expense of addressing human rights concerns and broader geopolitical competition that have characterized recent years of US-China relations.The Prediction: Future Trajectory of Bilateral RelationsLooking ahead, the Trump-Xi summit may signal a period of pragmatic engagement where both countries prioritize economic cooperation and crisis management over ideological confrontation. However, the fundamental structural challenges in the relationship—including technological competition, security concerns in the Indo-Pacific, and differing political systems—remain unchanged. The coming months will reveal whether this apparent thaw represents a genuine shift toward more stable relations or merely a tactical pause in ongoing strategic competition.Trade relations, in particular, will be a key indicator of the summit's lasting impact, with implementation details of the "fantastic trade deals" Trump mentioned likely to face scrutiny from businesses, investors, and policymakers in both countries.