Austan Goolsbee, a Federal Reserve official, said in a Fortune exclusive that AI may cause 'aggregate overheating' in the economy. ^[1] Kevin Warsh, chairman of the U.S. Federal Reserve, said in his inaugural Jackson Hole speech that the central bank will abandon the forward guidance communication tool and act aggressively, maintaining 'absolute flexibility' if employment and inflation data require, and without reservation if inflation does not move toward the 2% target. ^[2] Iran and the U.S. intensified retaliatory strikes in a 'tanker for tanker' war. ^[3] The Fortune newsletter reported that data centers are an 'anchor' around the neck of Republican midterm candidates, suggesting a political liability. ^[4] Wells Fargo stated that the economy is about to hit peak capital expenditure growth. ^[5] Austan Goolsbee, president of the Federal Reserve Bank of Chicago, argued at Jackson Hole that the back-and-forth escalation of international tariffs has become a real burden and a direct tax on American families, and that subsidy geopolitical shocks with alternated persistent inflation that can be extremely difficult to dislodge once it takes hold. ^[6]