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How Kevin Warsh's rate hike exposed a 2-speed U.S. economy, with AI and housing at the poles

This story is from 2026-09-22. It is preserved in the archive; the latest stories are on the live feed.

He calls 2% inflation a "firm, fixed target," but a 10-year Treasury yield above 5% is pushing mortgage rates toward 7% and raising borrowing costs.

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  1. 2026-09-22 15:01 · Fortune AI
    How Kevin Warsh's rate hike exposed a 2-speed U.S. economy, with AI and housing at the poles

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