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Canada Throws A Curveball As It Signals Interest In Joining GCAP Sixth-Gen Fighter Program

In the latest twist in Canada’s long-running saga to field a new fighter, the country’s defense minister has said that Ottawa is “interested in learning more about” the Global Combat Air Program (GCAP) next-generation fighter. GCAP is currently a trinational effort, led by the United Kingdom and involving Italy and Japan. Its centerpiece is the Tempest crewed fighter. A demonstrator for this jet is currently taking shape with BAE Systems in the United Kingdom.

David McGuinty, the Minister of National Defense of Canada, made the remarks after a meeting in Tokyo with his Japanese counterpart, Shinjiro Koizumi. Breaking Defense reports that McGuinty confirmed he had spoken with Koizumi about the GCAP, which the Canadian official described as a “promising initiative.”

TOKYO, JAPAN - FEBRUARY 6: Japanese Defense Minister Shinjiro Koizumi and Canadian Defense Minister David McGuinty pose after signing the friendship memorial flag in turn before their meeting in Tokyo, Japan, on February 6, 2026. The flag stands as a symbol of remembrance, peace and reconciliation between Japan and Canada. (Photo by David Mareuil/Anadolu via Getty Images)
Japanese Defense Minister Shinjiro Koizumi and Canadian Defense Minister David McGuinty before an earlier meeting in Tokyo, Japan, on February 6, 2026. Photo by David Mareuil/Anadolu via Getty Images Anadolu

“We are interested in learning more about it. I’ll take it back to my team and see what it looks ‌like,” McGuinty told Reuters.

Until now, no senior Canadian official appears to have spoken publicly about interest in GCAP. However, the development comes as Ottawa weighs up the option of a split fighter buy, which would involve acquiring the U.S.-made F-35 and one other type. This thinking has been driven by a growing rift between Ottawa and Washington.

However, the possibility of Canada coming on board GCAP as an ‘observer’ had been raised in March of this year. According to The Asahi Shimbun, a Japanese daily newspaper, unnamed Japanese officials disclosed that, during a previous meeting, McGuinty and Koizumi discussed such an arrangement.

An official artist’s concept of a potential Tempest configuration, with Mount Fuji in the background. MHI

Canada’s joining GCAP with observer status would provide it access to information on the program and could be a stepping-stone to deeper involvement.

Earlier this week, Italian Defense Minister Guido Crosetto raised the possibility of other nations joining GCAP, noting that, were that to happen, “we would be completely willing, because the more there are, the greater the chances of creating something and bringing down costs.”

Crosetto then identified Canada as “the country most interested [in GCAP] at the moment.” He said he would be “fully open” to Canada joining as an observer.

For Canada, however, GCAP would require a rethink of Canada’s potential pursuit of a split-buy approach to its new fighter.

Until now, the Saab Gripen E had been identified as the most likely candidate to be bought alongside the F-35.

A pair of Gripen Es. Saab Linus Svensson @Saab

Sweden has made a strong push to sell Gripen to Ottawa, and Saab offered to build the jet in Canada, in an effort to secure support for its previous bid, which it lost to Lockheed Martin. Since then, Saab has also emerged as the preferred candidate to supply Canada with its future airborne early warning and control (AEW&C) via its GlobalEye.

In April of this year, McGuinty confirmed that Ottawa was still reviewing its earlier plan to buy 88 F-35s.

“The review of the purchase of the F-35s is continuing… We are taking the necessary time to study very, very closely the question of the fighter fleet,” McGuinty told the Senate’s defense committee.

The split-buy option emerged since Canada has already made a firm commitment to buy 16 F-35As to start replacing its aging CF-18 Hornets. Canada’s industry also has a significant degree of involvement in the Joint Strike Fighter program.

An infographic showing Canadian industrial participation in the F-35 program. Lockheed Martin

Canada currently has around 75 CF-18A/B+ jets and has also added 18 upgraded former Royal Australian Air Force (RAAF) F/A-18A/Bs, plus seven more as spares, to help bolster its fleet.

Of Canada’s first 16 F-35s, four have already been paid for in full, while parts for eight others have also been purchased. The first Canadian F-35s were expected to be delivered for training at Luke Air Force Base, Arizona, in 2026.

Back in 2023, Canada’s Liberal government announced plans to buy 88 F-35s, a decision that appeared to bring closure to what had already been a very protracted process. You can read about this here.

Infographic outlining the key features of Canada’s future F-35As. RCAF

However, amid growing trade tensions and a war of words with the United States, Liberal Prime Minister Mark Carney launched a review of the F-35 program shortly after taking office in the spring of 2025.

There are other arguments for a split buy, too. Back in 2019, the cost of buying the planned 88 F-35s was put at $19 billion. Now it has rocketed to $27.7 billion, not including weapons and infrastructure.

Bill Blair, who was Canada’s defense minister when the review of the F-35 buy was launched last year, pointed to the advantages of a mixed fleet, saying it would give the RCAF more options to handle different types of threats.

“What happens if you have to persist in that space for months and months and years? The tool that you use, is it the right tool to do that job?” Blair said. “We need to have a whole wide range of capability sets to deal with all the eventualities that we could face.”

Were Canada to procure the Tempest, it would surely have to wait longer than 2035 — the prospect of GCAP’s fighter entering service at this date, as planned, is highly unlikely. Canada would be fourth in line behind the three core partners. Ottawa would need to buy more F-35s, perhaps around two thirds of its original intended number, or around 60 aircraft, and also keep the best of its CF-18s in service for longer, if that’s even possible. The Hornets are getting very old and disappearing from service abroad. Supporting them will become increasingly problematic. When the Tempest finally arrived, it would provide a flipped high-low fighter mix. This is essentially the same approach that the United Kingdom, Italy, and Japan — all current F-35 operators — are taking.

BN2012-0408-02 November 22, 2012 Bagotville, QC A two-seater CF-18 flies over the Parc des Laurentides en route to Valcartier firing range. Photo: Corporal Pierre Habib, 3 Wing Bagotville © 2012 DND-MDN Canada ~ BN2012-0408-02 22 novembre 2012 Bagotville, Québec Le vol d'un CF-18 à deux places en route vers le champ de tir de Valcartier, au dessus du parc des laurentides. Photo : Caporal Pierre Habib, 3e Escadre Bagotville © 2012 DND-MDN Canada
A two-seat CF-18B flies en route to Valcartier firing range. DND-MDN Canada Négatif 2012; Négatif 2012

However, the Tempest does appear to be especially well-suited to Canada’s fighter requirement.

The design of the jet will stress extreme range and a large payload — roughly twice that of the F-35A. Senior GCAP officials have said the jet could potentially carry enough internal fuel to fly across the Atlantic without refueling.

A rendering of a pair of Tempests of the latest configuration overflying the U.K. coastline. BAE Systems

While these attributes are optimized for a future conflict in the Indo-Pacific region, they are equally applicable to dealing with the ‘tyranny of distance’ and the increasing Russian threat posed around Canada’s enormous land mass, which extends far into the highly strategic Arctic region.

“Both China and Russia have fifth-generation fighter aircraft and fifth-generation missiles that are able to go at much greater speeds and with much more that are holding Western allies at risk at this moment in time,” the commander of the Royal Canadian Air Force (RCAF), Lt. Gen. Jamie Speiser-Blanchet, said in the past.

Plans to arm the Tempest with larger air-to-air missiles offering a longer range than those currently used by any of the three GCAP partner countries have also been revealed, as you can read about here.

If Canada decides it wants a sixth-generation combat aircraft to tackle current and emerging threats from China and Russia, the GCAP might be the only realistic choice. The rival pan-European Future Combat Air System (FCAS) has collapsed, and there is little chance of Canada getting its hand on the Boeing F-47.

But any kind of split buy “would duplicate a certain amount of infrastructure and training,” Speiser-Blanchet admitted.

In some cases, however, there could be cost-benefit arguments in having a mixed fighter fleet, as well as the important factor of not relying entirely upon one source of this type of combat equipment.

There is also the question of how feasible it would be for Canada to join GCAP at this point, at least in terms of industrial participation and steering requirements. The latter point seems next to impossible, with national requirements already set, and most of the workshare agreement has also been divided up between the three partners.

The same applies to India, which has also looked at joining GCAP in the past.

There has been talk of Saudi Arabia possibly joining GCAP in some capacity, and, more recently, Poland has been reported as being interested in buying the aircraft, too.

With that in mind, Canada’s best shot might be to buy the jet ‘off the shelf,’ rather than hope for industrial windfalls.

At the same time, Canada and the United Kingdom are partners on some other key military programs, including the Royal Canadian Navy’s future River class Canadian Surface Combatants, derived from BAE Systems’ Type 26 design for the U.K. Royal Navy. 

Meet The River-Class Destroyer - State-of-the-art WARSHIP! thumbnail

Meet The River-Class Destroyer – State-of-the-art WARSHIP!




Returning to the Tempest, the broader GCAP program still has to survive considerable challenges, both technical and political, that lie ahead.

As we have explained many times in the past, the process of creating an all-new fighter, especially one incorporating stealth technologies, brings very lengthy development times and high costs.

At this point, BAE Systems is in the process of building a demonstrator as part of the GCAP program, with a first flight planned by the end of 2027.

The latest rendering of that demonstrator appears at the top of the story. Notably, it retains the Typhoon’s EJ200 turbofan engines, with non-stealthy nozzles. The Tempest will have an all-new powerplant.

As we have argued in the past, the more time that passes, and the more deeply intertwined with the F-35 Canada becomes, the arguments in favor of a split fighter buy become harder to justify. Buying the Tempest would certainly not be the cheapest option, and would force a rethink of timelines, but it does underscore the fact that Canadian officials are casting their net wider, looking at very high-end capabilities, and seeking to build deeper strategic relationships outside of the United States.

Contact the author: thomas@thewarzone.com

Thomas Newdick is a staff writer at TWZ, where he covers military aviation, defense technology, weapons systems, and international security. Based in Berlin, Germany, he reports on conflicts, military modernization efforts, and emerging aerospace technologies around the world, with a particular interest in airpower and its role in contemporary warfare. His reporting is informed by deep expertise in modern and historical airpower, particularly in Europe, with a focus on military aviation, air campaigns, and aerospace developments across the continent and beyond.


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Bank of England holds main interest rate at 3.75% as inflation steadies

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The Bank of England left its benchmark interest rate unchanged at 3.75% on Thursday, extending a pause that began in December 2025, as policymakers weighed the inflationary fallout from the Iran war against signs of resilience elsewhere in the economy.


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Governor Andrew Bailey and fellow Monetary Policy Committee members were widely expected to keep rates on hold and maintain a broadly neutral stance on future policy moves.

The decision came a day after official figures showed UK inflation holding steady. Consumer prices rose 2.8% year-on-year in May, unchanged from April and below economists’ expectations of 3.0%, leaving the headline rate at its lowest level since early 2025.

However, the stable reading masked diverging trends beneath the surface. Transport costs accelerated sharply to 6.8%, driven by higher fuel prices and rising air fares, while food inflation eased to 2.2% and housing costs continued to moderate.

Though inflation remains above the bank’s target of 2%, the figure raised hopes that the upward pressure on prices emanating from the spike in oil and gas prices after the start of the Iran war on 28 February may have been less than anticipated.

Andrew Bailey, the bank’s governor, said the recent fall in oil prices has been “encouraging” while noting they are still higher than before the war.

“Whatever happens in the future, the higher energy prices of the past four months mean there’s already some inflationary pressure in the pipeline,” he said. “The Bank’s job is to make sure that doesn’t turn into sustained inflation above our 2% target.”

Analysts also cautioned that inflation could still accelerate later this year, as higher household energy bills feed through to prices. Lindsay James, investment strategist at Quilter, said: “Whilst inflation was below expectations in May and currently under 3%, it is still likely to jump closer to 4% later in the year due to the coming impact of a higher energy price cap.”

James added that while oil prices have retreated from recent highs, they remain above last year’s levels, suggesting underlying inflation pressures have not fully disappeared.

The decision to hold the key interest rate was not unanimous, with two of the nine Monetary Policy Committee members voting for a quarter-point rate increase, reflecting concerns that higher energy costs could still feed through into broader inflation pressures.

A labour market losing momentum

Thursday’s labour market release painted a mixed picture.

The unemployment rate dipped unexpectedly to 4.9% in the three months to April, down from 5.0% in the first quarter, yet payrolled employee numbers fell over the period, pointing to an underlying loss of momentum even as the headline jobless rate improved.

Wage growth, a metric the Bank of England watches closely for signs of persistent price pressure, held firm, with regular pay excluding bonuses rising 3.4% on the year.

“The labour market is still continuing to lose momentum, with the latest figures showing a further cooling,” stated Richard Carter, head of fixed interest research at Quilter Cheviot.

Sanjay Raja, chief UK economist at Deutsche Bank, struck a similar note, cautioning that “it’s clear that the labour market is not out of the woods yet,” though he added that the mixed data buys the committee more time to wait and see how the economy evolves.

The combination of cooling headline inflation, a softening jobs market and still-robust pay growth underscores the bind facing the committee. Strong earnings keep alive the risk of so-called second-round effects, where higher wages feed back into prices, even as hiring loses steam.

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All eyes are on Fed chair Kevin Warsh’s first moves on interest rates

Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded?

On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair’s pronouncements, will be watching particularly closely for any signs of which way he leans.

“We expect the press conference to be pivotal,” Jonathan Pingle, an economist at investment bank UBS, wrote in a note. “This will be Kevin Warsh’s first public appearance as Chair. … We do not really know what his policy views are.”

Economists say Warsh will likely aim for a neutral approach, largely because he is taking over the Fed at a challenging time. Rising inflation has made it all but impossible for the Fed to cut interest rates anytime soon, which could stimulate growth and further raise prices. Hiring has improved noticeably since the beginning of the year, removing another key rationale for rate cuts. And the other 11 policymakers on the Fed’s rate-setting committee — including Warsh’s predecessor, former chair Jerome Powell — are split on whether an increase in the Fed’s key rate will be needed or if it can stay unchanged.

High inflation puts Fed in tough spot

Oil prices have fallen sharply on news that the U.S. and Iran have reached an initial deal to end their war, which could eventually cool inflation. Yet it’s unclear whether a permanent agreement can be reached.

“The right thing to do now is wait and see,” said William English, an economist at the Yale School of Management and a former top Fed economist.

Inflation has jumped to a three-year high of 4.2%, the government said last week, mostly because of higher gas prices. Even Trump has backed off a bit from his relentless demands for lower rates, and instead has argued that rate hikes — which the Fed undertakes to cool the economy and slow inflation — aren’t necessary.

In an interview earlier this month on NBC’s “Meet the Press,” Trump said, “Kevin is fantastic and I want him to do whatever he wants,” but added, “there’s no reason to raise rates.”

On Wednesday, the Fed is widely expected to keep its key rate at about 3.6%, where it has remained since last December. When the Fed reduces its rate, over time it can lower other borrowing costs for things like mortgages, auto loans, and business loans.

Changes likely to dash hopes for those seeking lower rates

Still, some changes are expected, which will disappoint those hoping for lower borrowing costs: The Fed is likely to drop language that suggests its next move will be a rate cut, and instead adopt wording that is more neutral. Several Fed policymakers in recent weeks have said that the Fed’s most likely next move is a hike, rather than a cut.

The central bank is also scheduled to release its quarterly economic projections, which include forecasts for how the Fed’s key rate will change over the next three years, on Wednesday. In March, those projections suggested the Fed would cut its rate once this year. Yet on Wednesday they will likely show no change in 2026, with maybe one or two cuts next year, economists say.

Warsh has criticized the projections for providing too much “forward guidance” to financial markets and leading Fed officials to stand by their forecasts for too long, even as the economy changes. Fed watchers will look closely to see if Warsh participates in the quarterly projections. If he doesn’t submit his own forecasts, it could be a sign he will seek to get rid of them entirely in the coming months.

Warsh to bring a new approach to Fed leadership

Outside of policy, Warsh is expected to bring a different style to the Fed than Powell, according to people who’ve worked with him. He wants Fed policymakers to give fewer speeches, have more debates behind closed doors and will likely avoid commenting on the daily ups and downs of the economy. Powell was relatively plainspoken and straightforward, while Warsh has suggested he sees the famously oracular Alan Greenspan, the Fed’s chair from 1987 to 2005, as a model.

“He’s just going to say less, because he doesn’t find that stuff very helpful,” said Robert Tetlow, a former senior policy adviser at the Fed.

Randall Kroszner, an economist at the University of Chicago who served on the Fed’s governing board from 2006 to 2009, when Warsh was also a governor, said the new chair would likely focus on bigger-picture questions, such as how AI will impact the economy. He will avoid thornier issues, such as whether tariffs raise inflation, which Powell was willing to address.

By avoiding such hot-button issues, the Fed could attract less negative attention from the White House, Kroszner said.

“He’s going to stay away from those,” Kroszner added. “If the Fed is to maintain its independence, it needs to maintain its focus.”

While seeking Trump’s nomination, Warsh called for “regime change” at the Fed and criticized the central bank for not preventing the 2021-22 inflation surge, when prices jumped 9.1% in a year, the biggest spike in four decades.

Yet Kroszner said Warsh will likely to seek to build consensus around changing things like the Fed’s communications policies, rather than imposing them. So far, former Fed officials say he hasn’t sought to fire top staff.

“He’s not there to break things,” Kroszner said.

During his Senate confirmation hearing in April, Warsh said he would focus on quelling inflation.

“Inflation is a choice, and the Fed must take responsibility for it,” he said then.

If he acts on that sentiment by keeping rates unchanged — or even raising them — Trump could end up disappointed in another Fed chair. He often threatened to fire Powell, whom he also appointed, for not cutting rates deeply enough.

“There’s at least a risk here that six months down the road, Trump is fulminating about how he didn’t get what he wanted from Warsh, and he’d like to fire Warsh,” English said.

Rugaber writes for The Associated Press.

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Bank of Japan raises its key interest rate to a three-decade high

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The central bank’s increase in the uncollateralised overnight rate, by a quarter of a percentage point from 0.75%, puts it at a three-decade high.


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The Bank of Japan has been trying to normalise monetary policy lately after decades of keeping interest rates near or below zero. It adopted ultralow rates to try to encourage more borrowing and spending to counter deflation and pull the economy out of the doldrums.

Inflationary pressures because of the war in Iran, which has sent oil prices soaring in recent months, have hit Japan hard since it imports almost all its oil and gas.

Low interest rates had added to pressures on the Japanese yen, which has fallen lately to about 160 yen to the US dollar.

BOJ Gov. Kazuo Ueda, who has been hospitalised recently, did not attend Tuesday’s policy board meeting. Deputy Gov. Shinichi Uchida was expected to take his place at the news conference set for later in the day.

Before the BOJ decision, Tokyo’s benchmark Nikkei 225 index briefly topped 70,000 early Tuesday before giving up some of those early gains.

Additional sources • AP

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Area 51 Mystery Aircraft Prompts Interest In “Christmas Tree” Stealth Fighter Concept

Yesterday, TWZ published an analysis of a thermal image purportedly showing a previously unseen advanced aircraft design, which appears to be a precursor to the U.S. Air Force’s forthcoming F-47 fighter from Boeing. The image, which went viral online and is from a video that has now been released, is said to have been captured near the U.S. military’s secretive Groom Lake test base, better known as Area 51. It turns out, as a number of our readers have pointed out, there may be some interesting similarities between this secret aircraft and a “Christmas tree” fighter design concept crafted decades ago by Darold Cummings, one of the top minds behind Northrop’s YF-23 Black Widow.

You can find our full initial assessment of what we may be seeing in the viral image, first posted online by the Project Fear YouTube channel earlier this week, here. What we saw initially, as shown below, appeared to feature what could be described as a “double arrowhead” profile to its forward fuselage. This is a very distinct design cue, but it could also be a result of the low quality of the image and the artifacts that come with consumer-grade thermal imagers, which was what the aircraft was recorded with.

A close-up look at what is visible in the viral thermal image. Capture via Project Fear

Project Fear has now released the full video it says it captured near Area 51, seen below, and it underscores the aforementioned points about image quality. So, it is possible the aircraft has a more traditional low-observable ‘shovel nose,’ instead. Nonetheless, the Christmas tree fighter is an interesting trip down lesser-known fighter development memory lane that is worth examining, in particular what such a unique nose configuration would provide an advanced fighter aircraft.

The full clip of the mysterious aircraft passing by starts at around 49:34 in the runtime of the video below if it does not automatically start playing at that point.

​We Filmed a Top Secret Craft Flying at Area 51 thumbnail

​We Filmed a Top Secret Craft Flying at Area 51




In a post on LinkedIn around the end of last year, Darold Cummings shared an intriguing blueprint of a relevant-looking advanced fighter concept, along with additional details about the design and its genesis. Cummings is currently the founder and president of ForzAero, but has an extensive resume in the aviation industry dating back decades. As noted, he was a key figure at Northrop in the development of the YF-23, which ultimately lost out to what became Lockheed’s F-22 Raptor. He also led the team at Boeing that developed the X-40A Space Maneuver Vehicle, which was used as a testbed in support of work on what evolved into the X-37B reusable spaceplane. He was Chief Engineer/Chief Designer of Rockwell’s Ranger 2000 Jet Trainer, as well.

“I was hired by Bob Sandusky in 1982 to be the Chief Configurator for the Northrop ATF [Advanced Tactical Fighter] program (YF-23). In early 1983 Bob said that Northrop had tried to develop a ‘4-spike’ (like the B-2) fighter, but it couldn’t be done, since a flying wing fighter was not possible,” Cummings wrote in his post on LinkedIn. “I told him I could design one, and he said to give it a try. The only way to accomplish this was with a series of highly swept (55 degree) surfaces over the entire length of the aircraft. The result was the DP-21, created in June of 1983.”

“4-spike” here essentially refers to the total number of radar cross-section hot-spots and where they are located, each pointing in a different direction in azimuth. The fewer ‘spikes’ a low-observable (stealthy) aircraft has, the easier it is to manage its radar signature, and to make it harder to detect and lock onto, but it’s also where those spikes are located that matter.

The blueprint of the DP-21 “Christmas Tree” fighter concept. Darold Cummings

A four-spike design like the B-2 critically has nothing from the head-on aspect, as well as from the rear, which helps immensely with survivability. These are the most critical signature areas, especially the front as the aircraft is heading into hostile territory. Also, because these are located along the path of flight, these spikes can stay consistent on a threat radar as the aircraft moves directly toward or away from the sensor, and are not fleeting in nature like those from the side. So a four spike aircraft would be very attractive for a tactical fighter meant to persist in contested territory.

“I never considered this to be a serious contender for the ATF program, as the aircraft was unstable beyond 10 degrees angle of attack!” he also noted.

“Back in 1983, the ‘Christmas Tree’ DP-21 would have been difficult to fly. However, with modern flight control systems, this design could be controlled, even at high angle of attack,” Cummings told TWZ directly today after we reached out for more information. “Low observability is always better served with long edges on the design, so the small arrow-shaped foreplane is not ideal, but it still has low RCS characteristics, just not the optimum.”

“Wing shaping is always a trade-off for maximizing LO. Most of the trades have to do with the leading edge contour, which is a large contributor to signature,” he continued. “The canard has to be designed to be ‘ported’ during penetration, as this minimizes the signature. On the YF-23, the V-Tail was ‘ported’ in penetration for the same reason. This is certainly possible with modern flight control systems.”

“Ported” in this instance refers to keeping the control surface locked in the same geometric plane as the wing while cruising.

A top-down look at the YF-23 during a flight test. USAF

We also asked Cummings directly whether it was possible his DP-21 concept had an influence on what is seen in the viral thermal image, assuming it is authentic. And we asked for his take on what impacts Boeing’s experimental X-36 and Bird of Prey designs may have had on the F-47, as well.

“My DP-21 aircraft image has been available publicly for quite some time, so it is possible it had some influence, but that is only speculation on my part,” he told us. “I believe the X-36 and Bird of Prey have both influenced the F-47 design. I have always been impressed by the X-36, as it seemed to be ahead of its time.”

Boeing’s X-36 demonstrator. NASA/Carla Thomas
Boeing’s Bird of Prey. USAF

“The Groom Lake images are truly intriguing,” he also noted. “It is a viable concept.”

“I think the main thing to remember is that NO ONE thought a 4-spike design (like the B-2) was possible, and my DP-21 was an example of how it was possible,” he added. “A 4-spike design for the F-47 would truly be impressive!”

An official rendering of the F-47. USAF

As TWZ already wrote yesterday, based on what is visible in the image:

“The image shows an exotic design by any interpretation. The aft-set lambda-type wings appear to have a camber and wingtip droop, as on the Boeing Bird of Prey demonstrator. There are very large canard foreplanes — a feature that appears prominently on F-47 renderings and which we have written in detail about in the past. The broad nose, too, is something that has been included in depictions of the F-47, although we have really no idea to what degree these are based in reality. It’s worth noting that in this new thermal image, it has a distinctive double-arrowhead shape, tapering in again in front of the canards. Even the canards themselves may have more than one plane, with the outer tips being drooped, matching similar architecture as the wing. The fuselage then tapers down in the center before the wing roots begin.”

“The aircraft is very likely to be tailless, a feature common to most sixth-generation concepts seen so far. However, since it’s seen from below, we cannot be sure about this aspect of its configuration.”

“As for the powerplant, it is most likely a twin-engine design, like the F-47, a theory reinforced by the sawtooth-type trailing edge. There is no obvious suggestion of any exhaust plumes, which seems odd, but that could be the result of the sensor being used in combination with the aircraft’s power setting at the time of recording, as well as general thermal signature reduction capabilities that are part of the design.”

“Soon after Boeing won the contract for the F-47, we looked at how it might have been influenced by the Phantom Works X-36, also a tailless-canard design.”

Another official rendering of the F-47. USAF

As mentioned earlier, the full video Project Fear released today does raise new questions about the exact profile of the front of the design seen in the footage. The idea of using a shovel nose profile on a stealthy aircraft dates back to Northrop’s Tacit Blue demonstrator, and it was found in its modern form the YF-23. It has since become common to see on low-observable (stealthy) designs, and has been notably present in official renders of the F-47 released to date.

Beyond the nose end, there are still some very broad similarities in the shaping of the wing and main body of the aircraft seen in the footage and Cummings’ DP-21 concept.

To date, there are no indications that an F-47 EMD prototype has flown. Air Force officials have said on multiple occasions now that first flight of the service’s new sixth-generation fighter is expected to come in 2028.

We do know that Boeing and Lockheed built flying demonstrator designs that fed into the Next Generation Air Dominance (NGAD) initiative, under which initial development of what has become the F-47 was carried out. Past reports have raised the possibility that there was a third NGAD demonstrator, which might have been built by Northrop Grumman. That company voluntarily dropped out of the NGAD combat jet competition around 2023, and is said to have been on the verge of being cut at the time.

As we noted yesterday, what is seen in the viral thermal image could be unrelated entirely to the F-47. The Navy has also been pursuing a carrier-based sixth-generation fighter, commonly referred to as F/A-XX, in recent years. There has been at least some crossover between F/A-XX and the Air Force’s NGAD effort. A rendering Boeing has shared of its proposed F/A-XX design looks very much in line with what has been shown of F-47 to date. Northrop Grumman is the other company currently competing to build the Navy’s sixth-generation carrier fighter, and has released its own renderings.

Boeing’s F/A-XX render. Boeing

In addition, it should be said that official F-47 and F/A-XX renderings released to date will have been carefully manipulated to maximize security of the programs, both of which remain highly classified, and to provide disinformation to adversaries.

As an aside, Darold Cummings also shared his take on a prospective navalized version of the F-47 in a separate post on LinkedIn last year. At that time he wrote:

“I received a DM asking if I had envisioned a Navy version of my recent F-47 fighter concept,  such as  the F-35A to F-35C approach. I recently completed my F-47 Navy version, which I call the F-47N. However, the approach I took was somewhat different: The F-35C used a larger wing for low speed lift, whereas I used my original F-47 wing planform, and added a canard for more low speed lift and control. The canard design (inspired by the X-36), coupled with the Multi-Axis Thrust Vectoring (inspired by the X-44), provided a very reasonable first cut at a Navy version. In general, a canard layout has been treated as adding more radar signature to a fighter. However, on the YF-23 we found that if the all-moving surface (it was a V-tail on the YF-23) was kept “ported”, in this case aligned with the wing plane during cruise, the impact on LO was not a large impediment to signature reduction. The ability to keep the canard ported is achievable using thrust vectoring for trim in cruise and penetration modes.”

Cummings’ interpretation of the F-47 design at that time notably did not reflect his previous DP-21 concept. The X-44 design he mentioned is also known as the Multi-Axis No-Tail Aircraft (MANTA), and was derived from F-22. At least to our knowledge, the MANTA never came to be. The designation was recycled for an entirely unrelated flying wing-type drone, the existence of which was first reported by TWZ.

Darold Cummings’ drawing of his notional “F-47N.” Darold Cummings
Renderings of the X-44A MANTA. Lockheed Martin/NASA

It’s also worth noting that the design in the newly emerged thermal video could be tied to one of many other programs, including uncrewed ones. Still, it is very much in line with what we would expect to see from a design related to the F-47 and it seems very likely this is the Boeing NGAD demonstrator, if the video is indeed authentic, which it appears to be.

It would be nice to say that we will have to wait and see whether this aircraft turns out to have a more traditional shovel-shaped nose, or even a mild Christmas tree-like design, but we may never see it again. Hopefully that is not the case, especially after the F-47 goes public, but the final design will have significant differences from its technology demonstrator forebears.

Special thanks to @ElectroFluidSys on X for bringing Darold Cummings’ posts on LinkedIn to our attention.

Contact the author: joe@twz.com

Joseph has been a member of The War Zone team since early 2017. Prior to that, he was an Associate Editor at War Is Boring, and his byline has appeared in other publications, including Small Arms Review, Small Arms Defense Journal, Reuters, We Are the Mighty, and Task & Purpose.


Howard is a Senior Staff Writer for The War Zone, and a former Senior Managing Editor for Military Times. Prior to this, he covered military affairs for the Tampa Bay Times as a Senior Writer. Howard’s work has appeared in various publications including Yahoo News, RealClearDefense, and Air Force Times.


Tyler’s passion is the study of military technology, strategy, and foreign policy and he has fostered a dominant voice on those topics in the defense media space. He was the creator of the hugely popular defense site Foxtrot Alpha before developing The War Zone.


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Shakira’s eight-year tax fraud nightmare ends with acquittal in Spain

Shakira’s long tax-fraud nightmare has ended with the government of Spain on the hook to refund nearly $70 million to the Colombian-born singer after prosecutors failed to prove she spent enough time in that country to owe it a chunk of her earnings.

Since 2018, the singer has been accused of defrauding the Spanish government in three cases, for the tax years 2011, 2012-2014 and 2018. Over the years, deals were offered, rejected and accepted; charges were dropped, other charges were filed; and an eight-year prison sentence was threatened.

Shakira maintained her innocence, saying in 2022 that “Spanish tax authorities saw that I was dating a Spanish citizen and started to salivate,” referring to her relationship with Barcelona-born footballer Gerard Piqué, the father of their sons Milan and Sasha. Piqué and the singer, who met in 2010 when she did “Waka Waka,” the official song of that year’s FIFA World Cup, separated in 2022.

A representative for the singer, whose full name is Shakira Isabel Mebarak Ripoll, did not respond immediately to The Times’ request for comment on the court decision.

However, despite there being no fraud, Shakira told People on Monday in a statement that “for nearly a decade, I was treated as guilty. Every step of the process was leaked, distorted, and amplified, using my name and public image to send a threatening message to the rest of the taxpayers.”

She added, “Today, that narrative crumbles, and it does so with the full force of a court ruling.”

Everything revolved around how many days Shakira spent in Spain in the years in question. With her legal residence in the Bahamas before she declared Spain her fiscal home in 2014, she had to spend more than half the year outside of her beau’s home country to avoid paying taxes there.

“They knew I wasn’t in Spain the required time, that Spain wasn’t my place of work or my source of income, but they still came after me, with their eyes on the prize,” Shakira told Elle in 2022, adding that she was confident that justice would prevail in her favor at trial. “I have enough proof.”

The amount the Spanish government owes her includes fines and interest in addition to the money she handed over, despite having no legal obligation to pay it.

In other Shakira news, she and Burna Boy just released the 2026 FIFA World Cup song, titled “Dai Dai.”

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‘Harry Potter’ TV show recasting: Gracie Cochrane leaves series

Gracie Cochrane won’t be enrolling in Hogwarts this fall.

HBO announced that Cochrane will depart the upcoming “Harry Potter” series ahead of Season 2. Cochrane played Ron Weasley’s (Alastair Stout) younger sister, Ginny, in “Harry Potter and the Philosopher’s Stone.” Cochrane and her family attributed the “challenging decision” to “unforeseen circumstances.”

“Her time as part of the ‘Harry Potter’ world has been truly wonderful, and she is deeply grateful to [casting director] Lucy Bevan and the entire production team for creating such an unforgettable experience,” the Cochrane family said in a statement. “Gracie is very excited about the opportunities her future holds.”

HBO said they “wish Gracie and her family the best.”

“We support Gracie Cochrane and her family’s decision not to return for the next season of HBO’s ‘Harry Potter’ series, and we are grateful for her work on season one of the show,” HBO wrote in a statement.

Tristan Harland, Gabriel Harland, Ruari Spooner, Gracie Cochrane and Alastair Stout.

Tristan Harland, Gabriel Harland, Ruari Spooner, Gracie Cochrane and Alastair Stout.

(HBO)

The HBO series was greenlit for a second season in early May, months ahead of its Christmas Day premiere later this year. If the sophomore season follows J.K. Rowling’s second book, “Harry Potter and the Chamber of Secrets” (the first season is adapted from the first novel), Ginny will begin her first year at Hogwarts in Season 2.

Cochrane was cast following a massive undertaking by HBO to find young actors for the show. HBO reviewed more than 32,000 auditions before selecting Dominic McLaughlin to play the boy who lived. The cast was filled out with West End performers, like Arabella Stanton (Hermione Granger), first-time actors like Amos Kitson (Dudley Dursley) and longtime stars including John Lithgow, who will play Albus Dumbledore.

HBO Chairman Casey Bloys explained that they expected a lot of “interest” in the cast because of the cultural prominence of the “Harry Potter” franchise.

“Interest can tip over into more unpleasant and aggressive behavior,” Bloys told Deadline, alluding to racist backlash over the casting of Paapa Essiedu as Professor Snape. “We talked to them about what to expect … but any kind of security that’s needed is an unfortunate aspect of doing IP shows. We just try to be mindful and monitor it.”

In March, HBO released its first trailer for the show, which included a peek at the redheaded Weasley family saying goodbye to Ron at Platform 9¾ before he boarded the Hogwarts Express. The trailer also teased Harry’s acceptance letter from Hogwarts and his wand and Nimbus broom.

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Oversight chair seeks information from OpenAI’s Sam Altman about potential financial conflicts

The chair of the House Oversight Committee has sent a letter to OpenAI Chief Executive Sam Altman requesting information about potential conflicts of interest between Altman’s personal investments and his operation of the company.

The letter, sent Friday, comes amid a high-stakes legal battle currently playing out in an Oakland federal courtroom between one-time partners Altman and Elon Musk, the world’s richest man, who in 2015 co-founded the AI company best known for creating ChatGPT.

The company was first established solely as a non-profit corporation and the letter sent to Altman by Rep. James Comer (R-Ky.), the Republican chair of the Oversight committee, indicates that the committee is “investigating potential conflicts of interest involving capital from nonprofit corporations invested in startups and other for-profit companies.”

Comer has requested by May 22 a briefing from the company official responsible for oversight of potential conflicts involving company officers and directors, including Altman, as well as all documents related to conflict of interest policies and guidance for those executives.

While OpenAI was created as a non-profit designed to responsibly harness the power of the emerging artificial intelligence technology, the company created a for-profit subsidiary in 2019 and three years later released ChatGPT, which jumpstarted widespread adoption of the technology.

Musk, the chief executive of Tesla, left Open AI’s board in 2018, one year before the creation of the for-profit arm. He is arguing that Altman and another co-founder, Greg Brockman, betrayed the original mission of the non-profit organization, driven by their desire to “cash in” on the technology.

Musk added Microsoft, a significant investor in OpenAI, to the lawsuit in 2024. OpenAI is rumored to be gearing up to go public later this year or early next, and was recently valued at $852 billion.

Musk has said that he invested $38 million in the OpenAI non-profit, but he does not stand to benefit from a potential OpenAI public offering.

He created a rival company xAI in 2023 that was later folded into his company SpaceX

In the lawsuit, Musk is seeking $150 billion in damages, for Altman to be removed from the company and for the company to be fully returned to its non-profit status.

Musk’s complaint also alleges that Altman engaged in self-dealing by directing OpenAI to pursue deals with companies in which he also held a personal stake, including nuclear fusion power company Helion.

Comer’s letter cites reporting that Altman’s pursuit of a Helion deal, which is still ongoing, would come at a lofty valuation of the power-company, boosting the company’s worth, and the value of Altman’s investment.

Altman was briefly forced to step down from leadership of OpenAI in 2023 in part due to concerns about potential conflicts between his personal investments and his operation of the company, but was soon reinstated.

While the company’s board created an audit committee to investigate the potential conflicts of Altman and other officers, the findings were never disclosed.

Comer has requested that Altman turn over all documents and communication related to that audit committee.

Representatives for OpenAI did not immediately respond to requests for comment.

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Man charged in White House correspondents’ dinner attack pleads not guilty

A man accused of storming the White House Correspondents’ Association dinner while armed with guns and knives pleaded not guilty on Monday to charges that he attempted to kill President Trump and fired a shotgun at a Secret Service officer who tried to stop the attack.

Cole Tomas Allen was handcuffed and shackled and wearing an orange jail uniform when he appeared in federal court for his arraignment. Allen didn’t speak during the brief hearing. One of his attorneys entered the plea on his behalf.

Allen’s lawyers are asking U.S. District Judge Trevor McFadden to disqualify at least two top Justice Department officials from direct involvement in prosecuting him because they could be considered victims or witnesses in the case, creating a potential conflict of interest.

Acting Atty. Gen. Todd Blanche and U.S. Atty. Jeanine Pirro were attending the event when Allen ran through a security checkpoint and fired a shotgun at a Secret Service officer, authorities said. In a court filing last week, Allen’s attorneys argued that it creates at least the appearance of a conflict of interest for Blanche and Pirro to be making any prosecutorial decisions in the case.

McFadden, a Trump nominee, didn’t rule from the bench on that question but asked Allen’s attorneys to elaborate on the possible scope of their recusal request. Defense attorney Eugene Ohm said the defense likely would seek to disqualify Pirro’s entire office from involvement in the case. Ohm acknowledged that a bid to disqualify the entire Justice Department would be unlikely.

“That would be quite a request,” the judge said.

McFadden gave prosecutors until May 22 to respond in writing to the defense’s request. The judge asked the government to specify whether it believes Pirro and Blanche could be considered victims in the case.

“That might add some clarity here,” McFadden said.

In their filing, Allen’s attorneys suggested that the appointment of a special prosecutor might be warranted.

Allen is scheduled to return to court on June 29.

A Secret Service officer was shot once in a bullet-resistant vest during the April 25 attack at the Washington Hilton hotel, which disrupted and ultimately prompted an early end to one of the highest-profile annual events in the nation’s capital. The officer fired five shots but didn’t hit anybody, authorities said.

Allen, 31, of Torrance, was injured but was not shot.

Besides the attempted-assassination count, Allen also is charged with assaulting a federal officer with a deadly weapon and two additional firearms counts. He faces a maximum sentence of life in prison if convicted of the attempted assassination charge alone.

Allen was placed on suicide watch after his arrest, but jail officials removed him from that status after several days. Allen’s attorneys complained that he had been unnecessarily confined in a padded room with constant lighting, repeatedly strip searched and placed in restraints outside his cell.

Allen told FBI agents that he didn’t expect to survive the attack, which could help explain why he was deemed to be a possible suicide risk, a Justice Department prosecutor has said.

Allen was outfitted with an ammunition bag, a shoulder gun holster and a sheathed knife when he took a photo of himself in his room at the hotel just minutes before the attack, according to prosecutors. In a message that authorities say sheds light on his motive, Allen referred to himself as a “Friendly Federal Assassin” and alluded obliquely to grievances over a range of actions by Trump’s Republican administration.

Authorities have alleged that Allen on April 6 reserved a room for himself at the Hilton where the event would be held weeks later under its typical tight security. He traveled by train cross-country from California, checking himself into the hotel a day before the dinner with a room reserved for the weekend.

Trump was rushed off the stage by his security team at the Saturday night event and appeared at the White House two hours later, still in his tuxedo, to talk about the attack and the suspect.

“When you’re impactful, they go after you. When you’re not impactful, they leave you alone,” the president said. “They seem to think he was a lone wolf.”

Kunzelman writes for the Associated Press.

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Suspect in White House correspondents’ dinner attack seeks exclusion of top Justice Dept. officials

A man charged with attacking the White House Correspondents’ Assn. dinner is seeking to disqualify top Justice Department officials from direct involvement in prosecuting him because they could be considered victims or witnesses in the case, creating a potential conflict of interest.

Acting Atty. Gen. Todd Blanche and U.S. Atty. Jeanine Pirro were attending the April 25 event at the Washington Hilton when Cole Tomas Allen allegedly ran through a security checkpoint and fired a shotgun at a Secret Service officer.

In a court filing late Thursday, Allen’s attorneys argued that it creates at least the appearance of a conflict of interest for Blanche and Pirro to be making any prosecutorial decisions in the case.

“As this case proceeds closer to trial, the country and the world will continue to wonder — how can the American justice system permit a victim to prosecute a criminal defendant in a case involving them?” defense attorneys Eugene Ohm and Tezira Abe wrote.

Ohm and Abe, who are assistant federal public defenders, suggested that the appointment of a special prosecutor might be warranted. They urged U.S. District Judge Trevor McFadden, a Trump nominee assigned to Allen’s case, to disqualify Pirro, Blanche and possibly other Justice Department officials from direct involvement in the investigation and prosecution.

“Both heard gunshots, which presumably forced them to duck below the tables with the rest of the occupants. They were quickly evacuated. Shortly thereafter, they learned that law enforcement believed the target was certain administration officials,” Ohm and Abe wrote.

Pirro said her office will respond to the defense lawyers’ arguments in its own court filing.

“We will not tolerate people who come to the District of Columbia to engage in antidemocratic acts of political violence; and we will prosecute all such acts to the fullest extent of the law,” Pirro said in a statement.

Allen is scheduled to be arraigned Monday on charges in an indictment handed up Tuesday by a grand jury in Washington.

The charges include attempting to assassinate President Trump, who is a longtime friend of Pirro’s. Blanche served as a personal attorney for Trump before joining the Justice Department last year.

Blanche, through a spokesperson, referred a request for comment to Pirro’s office.

Allen also is charged with assaulting a federal officer with a deadly weapon and two additional firearms counts. He faces a maximum sentence of life in prison if convicted of the attempted assassination charge alone.

The Secret Service officer who was shot once in a bullet-resistant vest fired his own weapon five times without hitting anybody. Allen, 31, of Torrance, was injured but was not shot.

Kunzelman writes for the Associated Press.

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Trump vs. Powell: Interest rates, investigation and a replacement

April 22 (UPI) — Federal Reserve Chairman Jerome Powell‘s term is nearing its end and President Donald Trump is pushing for his replacement but an investigation into Powell may hold up the appointment of a new chair.

The Justice Department opened an investigation into Powell over the renovation of the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C., which Trump claims has exceeded $3 billion. The renovation was not the beginning of Trump’s feud with Powell but it has added to his effort to oust the chairman before the end of his term.

Powell’s term as chairman of the Federal Reserve will end in May but he will remain on the Board of Governors until January 2028.

Typically when a Fed chair’s term ends, they resign. However, Powell said he plans to stay put until a replacement is appointed.

At least one lawmaker, Sen. Thom Tillis, R-N.C., said he would not vote on a new chairman until the investigation into Powell is over.

The Justice Department alleges that Powell made false or misleading statements to Congress about the cost of the renovation project at the Federal Reserve headquarters during his testimony to the House Committee on Financial Services in June.

Powell’s testimony was part of his semiannual report to Congress on monetary policy.

Following the hearing, Rep. Anna Paulina Luna, R-Fla., submitted a request to then-Attorney General Pam Bondi for Powell to be investigated for perjury and making false statements. Luna said that Powell denied there would be “luxury features” included in the renovations, including a “VIP dining room, premium marble, water features and a roof terrace garden.”

Luna added that Powell “falsely claimed that the Eccles building ‘never had’ a serious renovation.” She notes that the building underwent renovations in 1999 and 2003.

“These are not minor misstatements,” Luna said. “Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense — especially from someone tasked with overseeing our monetary system and public trust.”

No charges have been formally filed against Powell. The challenge the Justice Department faces in convicting Powell of perjury or false statements is in proving that he willfully, knowingly made statements he knew to be false at the time.

Powell, who was Trump’s nominee for chairman in 2017, has said that the investigation into him and the Federal Reserve renovation is “pretext” to punish him for not following Trump’s direction to lower interest rates.

“No one, certainly not the chair of the Federal Reserve, is above the law, but this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure,” Powell said in a video message in January. “This is about whether the Feed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation.”

Last month, federal prosecutor George A. Massucco-LaTaif told Chief U.S. District Judge James E. Boasberg that the Justice Department does not know of any evidence that a crime has been committed in the Federal Reserve renovation project.

“We do not know at this time,” Massucco-LaTaif said. “However, there are 1.2 billion reasons for us to look into it.”

The fissure between Powell and Trump began and has continued over the Federal Reserve’s decision to maintain elevated interest rates in response to inflation. Trump has repeatedly called on the Federal Reserve to lower interest rates, saying the United States should “have the lowest interest rate in the world.”

All along the Federal Reserve continues to hold an elevated interest rate, currently between 3.5% and 3.75%, in an effort to tame inflation. Its target rate of inflation is 2% on an annual basis.

Economic markers from the U.S. Bureau of Labor statistics show the rate of inflation remains at about 3%.

Trump has nominated Kevin Warsh to succeed Powell. Warsh served on the Fed’s board for five years after being appointed by President George W. Bush in 2006.

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the great Fed chairmen, maybe the best,” Trump posted on social media in January. “On top of everything else, he is ‘central casting,’ and he will never let you down.”

Warsh faced his first hearing on the path toward confirmation on Tuesday when he testified before the Senate Banking Committee. Questions by senators centered on the Federal Reserve’s independence, something Trump’s influence has called into question.

If appointed, Warsh would be the wealthiest person to lead the Federal Reserve.

Presidents have butted heads with the Federal Reserve throughout its history, as monetary policy can reflect on how the U.S. population views the president’s performance. A president has never tried to fire the chairman of the Federal Reserve.

The Federal Reserve is a non-partisan, independent agency made up of a board of governors posted in Washington, D.C., and 12 regional banks located across the United States.

Independence is key to the Federal Reserve’s function, keeping it from choosing policy based on the political goals of those occupying the White House and other branches of government.

Trump has not attempted to fire Powell yet but he did attempt to fire Fed board Gov. Lisa Cook. The attempt was unsuccessful as the U.S. Supreme Court intervened in October and ruled that she can remain at her post on an interim basis, at least for 2026.

The president does have some authority over choosing or designating a new Federal Reserve chair, Peter Shane, a constitutional law scholar in residence at NYU Law School, told UPI. However, a president must demonstrate a good reason for doing so.

There are two mechanisms in place that are meant to protect the independence of the Federal Reserve and its chair from political influence.

First, there is Supreme Court precedent. In 1935, the high court made a ruling in the landmark case Humphrey’s Executor vs. the United States. In this case, the court ruled that President Franklin D. Roosevelt could not fire the commissioner of the Federal Trade Commission, another independent agency, without cause.

The ruling affirmed that the authority to remove the head of any independent agency falls to Congress.

Second, there is the Federal Reserve Act. President Woodrow Wilson signed the Federal Reserve Act of 1913 to decentralize the control over monetary policy in the United States. This established the Federal Reserve and set its independence as a foundational feature of its existence.

The Federal Reserve Act makes the Federal Reserve independent in setting monetary policy without the influence of the president or Congress.

Congress has the ability to change the Federal Reserve Act. It did so in 1977 with the Federal Reserve Reform Act.

This amendment, signed into law by President Jimmy Carter, codified the objectives of the agency and established a requirement for the board of governors to report to Congress in hearings twice a year. It also added the requirement of Senate confirmation hearings for the chairman and vice chairman of the board of governors.

Last year, Rep. Thomas Massie, R-Ky., introduced the Federal Reserve Board Abolition Act, calling for the board of governors of the Federal Reserve and all Federal Reserve banks to be abolished.

“Americans have suffered under crippling inflation and the Federal Reserve is to blame,” Massie said in a statement.

Since being introduced in March 2025 the bill has not progressed beyond being referred to the House Committee on Financial Services.

FBI Director Kash Patel speaks during a press conference at Department of Justice Headquarters on Tuesday. The Trump Administration announced charges against the Southern Poverty Law Center, which the government alleges funneled over $3 million toward white supremacist and extremists groups. Photo by Bonnie Cash/UPI | License Photo

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Regions projects 2026 net interest income growth of 2.5%-4% with net interest margin exiting in the low 3.70%s (NYSE:RF)

Earnings Call Insights: Regions Financial Corporation (RF) Q1 2026

Management View

  • “This morning, we reported strong first quarter earnings of $539 million or $0.62 per share,” said (President, CEO & Chairman John Turner), adding, “We grew loans and deposits on both an average and ending basis, and our credit metrics continue

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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Alcoa anticipates $135M 2026 interest expense while environmental and ARO payments rise to about $360M (NYSE:AA)

Earnings Call Insights: Alcoa Corporation (AA) Q1 2026

Management View

  • “We had a strong start to 2026, driven by execution, and we are well positioned to deliver a strong second quarter and full year 2026 performance,” said William Oplinger (President, CEO & Director), while also pointing to continuity

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

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Another woman accuses Swalwell of sexual assault; says she was drugged in Beverly Hills in 2018

Another woman came forward Tuesday to describe rape allegations against Rep. Eric Swalwell, who announced his resignation from Congress on Monday amid a torrent of sexual misconduct accusations.

Lonna Drewes said at a news conference called by her attorneys that she was drugged and raped by Swalwell (D-Dublin) in 2018 while she was working as a model in Beverly Hills.

Drewes said she met Swalwell three times as she was growing her fashion software company and toying with the idea of a political career.

On the third occasion, she said, she believed he drugged her glass of wine. She said they were supposed to go to a political event and they stopped by his hotel room to retrieve some paperwork.

She said she found herself incapacitated despite having had only one drink.

“He raped me and he choked me and while he was choking me I lost consciousness and I thought I died,” she said. “I did not consent to any sexual activity.”

Swalwell’s attorney Elias Dabaie did not immediately respond to a call or email requesting comment. Swalwell has previously denied allegations against him, while acknowledging undefined “mistakes.”

Swalwell and his team threatened legal action against several individuals over the claims, Dabaie previously confirmed to The Times.

Lonna Drewes and Eric Swalwell

Lonna Drewes, left, says she met Rep. Eric Swalwell (D-Dublin) on three occasions in Beverly Hills in 2018. She says he sexually assaulted her on the third occasion.

(Myung J Chun / Los Angeles Times)

Drewes said she didn’t undergo a rape kit test, but disclosed the assault to people close to her and described it in her calendar. She did not have contact with Swalwell again, one of her attorneys said.

Drewes said she had no interest in Swalwell romantically and was drawn to his friendship, she said, in part because he touted connections that she believed could help her grow her businesses. She was in a relationship at the time, and he had a pregnant wife, she said.

The alleged rape had a severe impact on her mental health, causing her to self-medicate, she said. She said she also went to therapy sessions at a sexual assault center.

“I did not want to live anymore,” she said. “I cried all the time for years.”

She said she’d been considering a run for Beverly Hills City Council at the time. After the incident, she said, she feared a political backlash and felt like she had no choice but to remain silent.

Lonna Drewes, walking behind her lawyer Arick Fudali

Lonna Drewes walks behind her lawyer Arick Fudali during a news briefing in Beverly Hills on Tuesday.

(Myung J. Chun / Los Angeles Times)

“My delay in taking action against Eric was driven by fear, not doubt,” she said. “I have never doubted what happened.”

The L.A. County Sheriffs Department said Tuesday that it is investigating the case.

“The investigation remains in its preliminary stages and is ongoing,” the department said. “Investigators are in the process of gathering information, reviewing available evidence and conducting follow-up inquiries as part of a comprehensive investigative process.“

A spokesperson for the L.A. County district attorney’s office said the Sex Crimes Division had been assigned to work with law enforcement partners in an unfolding investigation.

Arick Fudali, one of the attorneys representing Drewes, said he hoped his client’s account would encourage other women to come forward.

“This is not about Democrat versus Republican,” Fudali said. “This is about accountability versus silence.”

“Lonna deserves what all women deserve — autonomy over her own body,” said attorney Lisa Bloom.

Bloom is well-known for representing high-profile victims of sexual misconduct, including women in cases against actor Bill Cosby and commentator Bill O’Reilly. Bloom said they would be providing text messages, journal entries and photographs to the police. Those include a photo of Drewes and Swalwell at the opening of a restaurant called Avra that was displayed Tuesday for reporters.

Bloom said she wanted to assist with an investigation by the Manhattan district attorney, who has opened a case into allegations against Swalwell. She said three other women have reached out to her.

Swalwell, who has served in the House of Representatives since 2013, has said he plans to fight the “serious, false” allegations made against him.

“However, I must take responsibility and ownership of the mistakes I did make,” Swalwell wrote in a statement Monday.

Bloom called Swalwell’s recent statements about the accusations against him “blather and spin” and a “slap in the face” to victims.

“Stop it,” she said. “Own your behavior.”

Swalwell had been a Democratic front-runner in the hotly contested and crowded race to be California’s next governor. Then in two bombshell reports in the San Francisco Chronicle and CNN on Friday, women accused the congressman of sexual assault and misconduct.

Candidates in the California gubernatorial race reacted to the new allegations with horror.

“The level of my disgust and outrage just continues to grow,” former state Controller Betty Yee told The Times after a business forum in Sacramento. “The fact that this is still being uncovered, that it could be bigger than what we already know?”

Swalwell said he would resign from his congressional seat under intense pressure from lawmakers of both parties. The resignation came on the heels of the House Ethics Committee opening an investigation into the sexual misconduct allegations and bipartisan threats to expel him from the House if he did not resign as women continued to come forward.

One woman told CNN that after messaging with Swalwell about her interest in Democratic politics last year, she met him for drinks and tried to deflect his advances without jeopardizing potential job opportunities. She said she began to feel “really fuzzy” and intoxicated and later found herself in his hotel room with no memory of how she got there.

Another woman, a former staff member who accused Swalwell of rape, told CNN she met him for drinks in 2019, blacked out and awoke naked in his hotel bed and could tell she had had intercourse. She said that in a separate encounter years later, he forced himself on her while she was too intoxicated to consent and despite her protests.

Gov. Gavin Newsom on Tuesday called a special election for Swalwell’s Alameda County seat on June 16, two weeks after the state’s regularly scheduled primary. If no candidate receives 50% of the vote, a second special election will be held on Aug. 18.

The June 2 regular primary and Nov. 3 general election will decide who will represent the recently reconfigured district for the next term, starting in January 2027. The special election decides who will represent the district for the remaining months of Swalwell’s term.

Times staff writers James Queally, Dakota Smith and Seema Mehta contributed to this report.

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