Fed's Double Hawk Warning Names AI Boom as Inflation Culprit; MGM Deal Collapses
Two Fed presidents signal more rate hikes are likely, with Philly Fed's Anna Paulson explicitly blaming the AI infrastructure buildout for sticky inflation. Plus, the Trump-Xi summit yields a trade truce extension and first-ever US-China AI talks, and Barry Diller's People Inc. walks away from its $18 billion MGM Resorts bid. In this episode: • Fed's Paulson and Williams both signal further rate hikes; Paulson warns AI buildout is keeping inflation stubbornly high — https://www.cnbc.com/2026/09/24/philadelphia-feds-anna-paulson-says-modest-rate-moves-likely-ahead-to-tame-inflation.html •…
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