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Axios AM Deep Dive: The Fed

A look at the growing role of the U.S. Federal Reserve — one of the most important economic stories in the world.

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FBI: Trump-appointed State Department aide arrested in connection with Capitol riot

The FBI on Thursday arrested former State Department aide Federico Klein, a Trump appointee who worked on the former president's 2016 campaign, on charges related to the Jan. 6 storming of the Capitol, according to a court filing.

Why it matters: The 42-year-old Klein is the first member of the Trump administration to be arrested in connection with the insurrection, which led to the former president's second impeachment and charges against over 300 people.

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How John Kerry's role as Biden's special climate envoy will work

Joe Biden's team had previously announced that John Kerry will be on the National Security Council as its first dedicated climate official, but hadn't disclosed much about the logistics of the position. We now know a little more about how John Kerry's role as Joe Biden's special climate envoy will work — and the advice is pouring in.

How it works: Kerry's work will be under the purview of the State Department, Biden's transition team confirmed and a Politico piece reported yesterday.

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Woodward book: Former intel chief Dan Coats believed "Putin had something on Trump"

Former director of national intelligence Dan Coats could not shake his "deep suspicions" that Russian President Vladimir Putin "had something" on President Trump, seeing "no other explanation" for the president's behavior, according to Bob Woodward's new book "Rage," which was obtained ahead of its publication next week by CNN.

Why it matters: Coats was the president's top intelligence official from March 2017 until Aug. 2019. Woodward reports that Coats and his staff examined the intelligence regarding Trump's ties to Russia "as carefully as possible," and that he "still questions the relationship" between Trump and Putin despite the apparent absence of intelligence proof.

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