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Space Technology and Policy

Good morning,

Markets are rattled, the Pentagon is in turmoil, and the Space Force is recalibrating. This week opened with President Trump lambasting Fed Chair Jerome Powell as a “major loser” for not cutting rates fast enough, even as he insisted he has no intention of removing him. While the President is correct that inflation has cooled to near the 2% target, Powell’s caution is justified. The Administration’s erratic tariff regime is injecting fresh volatility into the economy and may yet reignite inflation. The latest sign of this comes as the President and Treasury Secretary Scott Bessent discuss walking back the massive 145% China tariff, hinting at a softer economic stance.

In parallel, Secretary of Defense Pete Hegseth finds himself at the center of an intensifying scandal. A second leak of sensitive military information—this time involving operational details shared on Signal—has triggered bipartisan concern, with Rep. Don Bacon (R-NE), a retired Air Force Brigadier General …