Fed Faces Pressure on Inflation | Durham News

Durham News Today | 2 Min News | The Daily News Now! · Jul 13, 2026 · 1m

Fed Chair Kevin Warsh faces tough Capitol Hill questions this week as lawmakers probe his strategy on inflation, oil, and tariffs amid a tight economy. While gas prices are cooling inflation slightly, the real test lies in “core inflation” — sticky service prices that could force more rate hikes. The Fed walks a razor’s edge: lower rates boost jobs but fuel inflation, while higher rates cool prices but risk layoffs. Despite steady rates so far, internal debate is heating up, with investors already betting on at least one hike before year’s end. The next Fed meeting is July’s end — officials…