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Federal Reserve Chair Jerome Powell took a trip to Capitol Hill this week to testify about the health of the U.S. economy. We’ll get into the TL;DR of Powell’s testimony and why he doesn\\u2019t foresee a recession around the corner. And, we\\u2019ll talk about how political campaigns are spending on advertising these days. Plus, the latest regional banking woes and what rapidly advancing deepfakes could do to this year’s elections.

Here’s everything we talked about today:

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  • “Key takeaways from Fed Chair Powell\\u2019s testimony on Capitol Hill” from CNN Business
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  • “What’s new in campaign ads? Asking for money to buy more ads and run them absolutely everywhere” from Marketplace
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  • “NYCB fallout has longer-term ramifications for regionals now, says Ritholtz’s Josh Brown” from CNBC
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  • “Steven Mnuchin Backs New York Community Bank in $1 Billion Deal” from The New York Times
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  • “Deepfakes and the 2024 election season” from Marketplace
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Get ready for Economics on Tap and\\xa0subscribe to our newsletter to get a copy of our new cocktails zine. The\\xa0YouTube livestream\\xa0starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.