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đŸ€Ź Fed Up With the Fed Fight

🎂 On this day in 1961, the incomparable Julia Louis-Dreyfus was born. The VEEP star was spotted over the weekend at a New York protest with a sign reading “Renee Good – ICE Bad.”

Good morning! Peter here, back in your inboxes with some good news amid all the horrid headlines. Because this edition of ‘First Draft’ is sponsored by Incogni, there is no paywall! Huzzah! But there’s more! I was lucky enough to get dinner this weekend with independent media icon and dear friend of Zeteo, Jennifer Welch! Stay tuned to the bottom of the newsletter for a snapshot from our uproarious tĂȘte-Ă -tĂȘte.

In today’s ‘First Draft,’ GOP lawmakers show signs of life, puppy killer Kristi Noem announces hundreds of additional ICE goons will pour into Minneapolis, the administration’s policies have Democrats surging in new polling, and Pam Bondi may soon be out of a job.


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‘Taking a Sledgehammer to a Walnut’

Federal Reserve Chair Jerome Powell speaks during a press conference on Dec. 10, 2025, in Washington, DC. Photo by Chip Somodevilla/Getty Images

The clichĂ© goes that revenge is a dish best served cold, but Republicans on Capitol Hill are increasingly sending the president’s bone-chilling acts of retribution back to the kitchen.

Donald Trump’s relentless, all-consuming payback tour escalated yet again over the weekend, with a widely denounced attack on Jerome Powell.

Late Sunday, the Federal Reserve chair released a statement detailing how the Justice Department had threatened him with possible criminal indictment over his June testimony before the Senate regarding the multi-year renovation of various Fed buildings.

“No one, certainly not the chair of the Federal Reserve is above the law,” Powell asserted, “but this unprecedented action should be seen

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