How Kevin Warsh’s rate hike exposed a 2-speed U.S. economy, with AI and housing at the poles
- Posted on September 22, 2026
- By Fortune
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- 1 min read
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How Kevin Warsh’s rate hike exposed a 2-speed U.S. economy, with AI and housing at the poles
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.
