https://www.youtube.com/watch?v=e1xZTjfmskE
The Fed's decision comes just six days before a midterm election that has focused heavily on concerns around the cost of living and affordability. Consumers have generally soured on an economy weighed down by more expensive gas, groceries, and clothing, among other items. Yet Warsh faces plenty of challenges in getting inflation back to target. Some of the forces pushing up prices — specifically the rapid buildout of artificial intelligence infrastructure and higher energy prices — won't easily be tamed by higher interest rates.
Two Fed officials dissented from Wednesday's decision, with Fed governor Lisa Cook and Federal Reserve Bank of Cleveland President Beth Hammack voting in favor of hiking rates by a quarter point. This is Cook's first dissent since she was appointed to the board by President Joe Biden in 2022…
The idea comes as high energy prices drag GOP in midterm elections…
https://www.politico.com/news/2026/04/22/cabinet-hearings-iran-war-energy-prices-00887093
https://www.politico.com/news/2026/04/17/republicans-trump-war-energy-prices-00879104
Only three weeks ago, the average rate had dropped to just under 6% for the first time since late 2022, but it has risen every week since the war with Iran started, rattling financial markets and stoking worries about higher inflation due to a spike in energy prices...