Trump Won’t Rule Out ‘Mother of All Bombs’ on Iran, Taiwan Tightens Chip Curbs

0 October 16, 2026 07:50

Federal Reserve Chairman Kevin Warsh did nothing to dispel market expectations that the US central bank will hold interest rates steady when it meets at the end of the month. In a discussion in Bangkok at the International Monetary Fund’s annual meetings, Warsh made no remarks on monetary policy or his outlook for the US economy, apart from reiterating that the Fed will deliver price stability.

President Donald Trump declined to rule out using a weapon known as the “Mother of all Bombs” on Iran after the US midterms. Trump has previously ruled out striking Iran before the elections on November 3, which will decide control of Congress. Yet in an interview on Newsmax, he mused about possible attacks after the vote.

Taiwan is preparing to tighten export controls on AI chips to further align with US restrictions, according to a senior official in Taipei, joining a Trump administration clampdown on the smuggling of cutting-edge semiconductors to China.

Today’s guests: Ludovic Subran, Allianz Chief Investment Officer & Chief Economist; Elisabeth Braw, The Atlantic Council Senior Fellow; Dambisa Moyo, Versaca Investments Principal; Gustavo Pimenta, Vale CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:24 – Warsh boosts market December Fed rates hold
00:02:55 – Ludovic Subran, Allianz Chief Investment Officer & Chief Economist
00:13:40 – Latvian PM: Europe is Zelenskyy’s only ally now
00:16:53 – Elisabeth Braw, The Atlantic Council Senior Fellow
00:23:48 – Friday headlines
00:24:23 – AI industry spends big ahead of midterm elections
00:26:19 – UK Chancellor Healey said to plan bank tax raid
00:29:59 – Dambisa Moyo, Versaca Investments Principal
00:40:16 – Gustavo Pimenta, Vale CEO
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