
Oil, Inflation and the Midterms: Washington Confronts a High-Stakes End to August
The final Friday of August brought together several of the pressures shaping American politics heading into the midterm elections: a prolonged war with Iran, persistent inflation, an escalating fight over voting rules, and mounting concern over energy costs. President Donald Trump announced a sweeping oil agreement with Venezuela, while Federal Reserve Chair Kevin Warsh signaled that the central bank remains prepared to act against inflation even as higher interest rates threaten to weigh on markets and consumers.








