
July 16th, 2026
Create an account or log in to unlock unlimited access!
Federal Reserve Chair Kevin Warsh faced questions from the Senate on Wednesday.
The questions were about inflation, AI, and his talks with President Donald Trump.
He gave few clear answers.
Warsh said a one-time price change from AI investment is not always inflation.
He said a supply answer could come later.
But he said AI building costs have made tech things like laptops and tablets more expensive.
The Fed’s last meeting showed many officials think strong AI need will keep tech prices high.
The committee is split on whether to raise rates later this year.
Warsh said recent good inflation news is not perfect.
He said such measures are not exact.
He will use a new group to study data and why inflation stays.
Warsh said he is free from political pressure.
He did not say if he has talked with Trump since his job start.
He said the president chose an independent person for the work.
July 16th, 2026

Warren Buffett says his kids will give away his money.
Warren Buffett says his kids will give away his money.

US puts 25% tax on some Brazilian goods from July 22.
US puts 25% tax on some Brazilian goods from July 22.

Asian shares go down. South Korea's Kospi falls 6.6%. Oil prices also go down.
Asian shares go down. South Korea's Kospi falls 6.6%. Oil prices also go down.
Create an account or log in to continue reading and join the Lingo Times community!