
July 16th, 2026
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

Wall Street is close to a winning September after good news on inflation
Wall Street is close to a winning September after good news on inflation

Trump will show $54 billion from South Korea in Alaska. Alaska has a big Senate race.
Trump will show $54 billion from South Korea in Alaska. Alaska has a big Senate race.

Senate makes deal on energy bill
Senate makes deal on energy bill

Prices rose less last month. People spent more.
Prices rose less last month. People spent more.

Why bond yields are rising and why everyone should care
Why bond yields are rising and why everyone should care

Trump has a dinner for Xi. They will eat sea bass. Many tech leaders will come.
Trump has a dinner for Xi. They will eat sea bass. Many tech leaders will come.

KFC opens a Texas restaurant to test new chicken ideas
KFC opens a Texas restaurant to test new chicken ideas

Oil prices and bonds move a lot, US stocks stay near start
Oil prices and bonds move a lot, US stocks stay near start

Wall Street is near its record. Oil is below $98.
Wall Street is near its record. Oil is below $98.

Trump and Xi meet. They talk about AI, trade and Iran. They disagree but want peace.
Trump and Xi meet. They talk about AI, trade and Iran. They disagree but want peace.