*By Conor White*
FBI Director Christopher Wray on Wednesday contradicted claims by President Trump, the man who appointed him to the position, that Russia is no longer targeting the United States with cyberattacks.
At the Aspen Security Forum Wray remarked, "The intelligence community’s assessment has not changed, my view has not changedーwhich is that Russia attempted to interfere with the last election and continues to engage in malign influence operations to this day."
For Reason.com reporter Eric Boehm, Trump's repeated denial of Russia's activities can only mean one thing.
"The President clearly has personal interests, or some sort of interests, that are separate from what the U.S. intelligence community has when it comes to Russia," he told Cheddar on Thursday.
During a briefing this week, Trump denied that Russia poses any threat to Americans, simply responding "no" when asked about the danger.
Boehm explained that Trump may have reason to doubt American intelligence agenciesーbut that still doesn't explain his unwavering defense of Russian President Vladimir Putin.
"It's possible to believe that well, maybe we should trust everything that the head of the \[Office of the Director of National Intelligence\] or the director of the CIA or the head of the FBI tells us," he said. "At the same time Trump's behavior still doesn't really make sense."
For the full segment, [click here.]( https://cheddar.com/videos/trump-contradicts-fbi-director-on-russian-meddling)
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
