A federal judge has again blocked President Donald Trump’s bid to erase his hush money conviction in New York

By The Associated Press
August 28, 2026 | 3:50 PM

NEW YORK (AP) — A federal judge has again blocked President Donald Trump’s bid to erase his hush money conviction in New York.

Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated

By The Associated Press
August 28, 2026 | 3:50 PM

JACKSON HOLE, Wyoming (AP) — Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has previously sent about his economic outlook. In his first high-profile speech at the Fed’s annual conference in Jackson Hole, Wyoming, Warsh acknowledged that recent U.S. reports show that inflation has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.” “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed,” Warsh said. “Otherwise, we have work to do.” The comments from the new Fed chair appeared to reassure Wall Street that fighting inflation remains the priority for the central bank. Warsh did not imply that a rate hike is imminent, but he appeared to dismiss perceptions that inflation is no longer a threat.

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