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

Page: https://stenobird.com/podcast/the-exchange-431205/two-rate-hikes-tensions-ahead-of-china-summit-and-ai-economic-distortions-5-8-26
Text version: https://stenobird.com/podcast/the-exchange-431205/two-rate-hikes-tensions-ahead-of-china-summit-and-ai-economic-distortions-5-8-26.md
Podcast: [The Exchange](https://stenobird.com/podcast/the-exchange-431205)
Published: 2026-05-08T19:00:54+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/89a1cce0-b6b5-4b53-8970-42e94487e5e9/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=89a1cce0-b6b5-4b53-8970-42e94487e5e9&feed=tc4zxWgX
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Duration seconds: 2613

## Resource

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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