Two Rate Hikes, Tensions Ahead of China Summit, and AI Economic Distortions 5/8/26

Two Rate Hikes, Tensions Ahead of China Summit, and AI Economic Distortions 5/8/26

May 8, 2026 · 44 min

About this episode

Diane Swonk discusses potential rate hikes and the implications of the Iran war on US-China relations, alongside insights on AI's economic effects from Greg Ip.

KPMG's Diane Swonk makes the case for two rate hikes this year. The Iran war could make for an acrimonious meeting between President Trump and China's Xi next week. Plus, the Wall Street Journal's Greg Ip writes AI is "distorting practically everything about the economy."

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Guest: Diane Swonk

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Organizations: KPMG, Wall Street Journal

Places: Iran

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