Fed Hikes Loom as Inflation Resists | Lubbock News

Fed Chair Kevin Warsh warned at Jackson Hole that inflation’s not cooling as hoped, pushing pressure for a September rate hike—even as gas prices dip. His tough stance sparked debate: allies back him, critics fear he’s setting himself up for credibility risks if he doesn’t follow through. For your wallet, mortgage rates may not spike much since long-term yields stayed flat—investors still believe the Fed can tame inflation. Meanwhile, AI’s economic promise drew skepticism from economist Kenneth Rogoff, who cautioned hype might mask real limits—and that AI-driven growth could actually push rates higher. Political interference fears have faded too; Trump-era drama cooled, and even Fed Governor Lisa Cook, once targeted, is now publicly present at the conference with no signs of removal attempts. 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/8ca05e6e77bdab1f