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Ghislaine Maxwell transcripts: Epstein associate says she ‘never’ saw Trump receive a massage – live | Trump administration

Initial takeaways of Ghislaine Maxwell’s interview transcripts

The transcripts are more than 300 pages, but here it goes …

  • Blanche said, on record, that their conversation wasn’t “promising to do anything” for Maxwell. But that anything she said couldn’t be used against her, unless she provided false statements or there was a retrial in her case.

  • According to Maxwell, Epstein didn’t have any video or photographic evidence of any high-profile individuals committing sexual offences. And to that point, Maxwell said she didn’t hear or witness any instances of Epstein blackmailing powerful people.

  • Maxwell recruited a number of masseuses for Epstein but “never checked their age or credentials”. She added that, throughout her time with Epstein, she never heard any examples of “sexually inappropriate contact” between Epstein’s guests and in-house masseuses.

  • Despite her claims that Epstein didn’t extort anyone, Maxwell does not believe that Epstein died by suicide. She chalked that up to “mismanagement” at the bureau of prisons.

  • In the interview Maxwell said she does believe that Epstein “did a lot of, not all, but some of what he’s accused of”. But she maintains that “he became that man over a period of time”.

  • Maxwell said that she “never” saw Donald Trump receive a massage. She also said that she “never witnessed the president in any inappropriate setting in any way,” adding that he was “a gentleman in all respects” whenever she saw the president.

  • Maxwell also didn’t recall former president Bill Clinton receiving a massage while travelling with Epstein.

  • One notable point is that Maxwell denied ever recruiting masseuses from Trump’s Mar-a-Lago club. “I’ve never recruited a masseuse from Mar-a-Lago for that, as far as I remember. I can’t ever recollect doing that,” she told Todd Blanche. A reminder that Trump claimed his falling out with Jeffrey Epstein stemmed from the convicted sex offender’s efforts to hire workers away from Trump’s Florida club.

  • Maxwell did not remember whether Trump submitted a letter for Epstein’s 50th birthday album, as reported by the Wall Street Journal. She also couldn’t remember asking Trump to contribute.

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Key events

Lauren Aratani

The Guardian’s Lauren Aratani brings us her analysis of Donald Trump’s push for steeper rate cuts and the Fed’s reality:

Stocks soared on Friday following the strongest signal yet that US the Federal Reserve is gearing up to start cutting interest rates again this fall. But how long can this celebration last?

While Wall Street cheered the biggest headline from the speech by the Fed chair, Jerome Powell, at the annual Jackson Hole symposium in Wyoming, Powell also delivered a reality check on where interest rates could settle in the longer term.

“We cannot say for certain where rates will settle out over the longer run, but their neutral level may now be higher than during the 2010s,” said Powell.

In other words: even if the Fed does start cutting interest rates again this year, they may not fall back to their pre-pandemic levels. It’s a signal, despite the short-term optimism on potential rate cuts, that the Fed’s long-term outlook is more unstable.

“Markets might be ahead of their skis on how aggressive the Fed is going to be in reducing interest rates, because the neutral rate might be higher than some believe,” Ryan Sweet, an economist at Oxford Economics, said.

Higher rates means borrowing money for loans, such as mortgages, will be more expensive. The average 30-year fixed mortgage rate was just under 3% in 2021, when interest rates were near zero.

Now the average mortgage rate is closer to 6.7%. Paired with home prices at near-record highs, elevated mortgages mean many Americans will continue to struggle to purchase a home.

Although Trump has been pushing the Fed for months to decrease rates to 1%, claiming that Powell is “hurting the housing industry very badly”, it seems unlikely that rates will return to such a level any time soon.

The Fed is trying to achieve a Goldilocks balance. Rates that are too high risk unemployment, while rates that are too low could mean higher inflation. Policymakers are searching for a “neutral” level, where everything is just right.

Read the full analysis here:

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