The Fed raised interest rates to curb inflation, as expected, but mortgage rates are surging and flailing Scott Bessent remains the treasury secretary. Meanwhile, the alarm raised in the AI community is not an op despite the backlash from people like Nvidia's Jensen Huang, who seems to get everything he wants from Donald Trump. Plus, the Europeans who once parked their gold in the US to hide it from the Nazis are now trying to protect it from Trump.

Catherine Rampell and Stephen Witt join Tim Miller.

show notes:

• Subscribe to Catherine Rampell's Receipts podcast and newsletter on Substack or follow her new show wherever you get your podcasts: Apple Podcasts | Spotify | YouTube | More 
• Stephen's "This Is Really Bad" piece in the NYT
• Stephen's "The Thinking Machine," about Nvidia and Jensen Huang
• The latest episode of "The Next Level"
• Dan Selsam's statement on Twitter that Tim read from
• "If Anyone Builds It, Everyone Dies," the book Stephen mentioned
• Huang's "impromptu" phone call with Trump
• Closing song - Orville Peck - It's the End of the World
• NOBL gives you real travel peace of mind — security, design, and convenience all in one. Head to NOBLTravel.com for 46% off your entire order! #NOBL #ad
• Bulwark LIVE: Benefit for Springfield
  Some moments require you to step up. Some require you to show up. That’s why The Bulwark is coming to Ohio.  Join Tim, Sarah, JVL, Sam and friends Friday, September 25 at the Dayton Masonic Center for an evening of politics and fellowship.