Cleveland Fed's Hammack says AI could fuel inflation, rate hikes may be needed(cnbc.com)

Cleveland Fed's Hammack says AI could fuel inflation, rate hikes may be needed

https://www.cnbc.com/2026/06/30/cleveland-fed-president-hammack-sees-ai-fueling-inflation-says-rate-hikes-may-be-necessary.html

2 comments

taraharris그저께

The national debt stands at $39.5 trillion. Interest payments on that debt exceed war department spending. Major recessions trigger massive stimulus payments, which would balloon that debt further, which puts the entire nation into a doom loop with the bond market. So instead the economy will simply not be allowed to fall into recession. Rates will not be raised; the debt will simply be monetized.

Part of that strategy requires continual talk of rate hikes to maintain the appearance of a market.

delgard그저께