Fed Eyes AI’s Inflation Impact | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Fed Chair Kevin Warsh warns Congress the central bank won’t tolerate prolonged inflation, as June data shows the biggest monthly drop in four years—bringing annual inflation to 3.5%. But internal Fed debates rage: some argue even excluding gas, inflation’s still too high, fueled by AI-driven chip demand pushing up prices on laptops and consoles. Warsh calls AI the biggest economic trend, urging close watch on its inflation and job impacts. Meanwhile, officials split—Waller says another inflation spike could force rate hikes, while Williams suggests holding steady if core inflation stays near 0.2%. The Fed’s balancing act grows tougher as it tries to cool prices without crushing growth. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/50a6ea8d6ed9942a