Why Gas Prices, Mortgage Rates & Inflation Could Crush the Economy This Summer
Friday, May 15, 2026
On this episode of Main Street Matters, Elaine Parker sits down with Breitbart economics editor John Carney for a deep dive into America’s inflation crisis, rising gas prices, mortgage rates, AI job disruption, and the Federal Reserve’s next move.
Carney explains why inflation is spreading beyond energy prices, how “demand destruction” could hit American families this summer, and why the Fed may not cut interest rates anytime soon. The conversation also explores the housing market slowdown, AI’s impact on jobs, soaring airline costs, and whether the economy is headed toward stagflation.
