Inflation in the United States is rising at its fastest rate so far this century. At 4 percent, according to one index, it is double the Federal Reserve’s target.
We look at why prices are on the rise and at the tense political moment they have created.
Guest: Jim Tankersley, a White House correspondent for The New York Times.
- Supply chain disruptions, a worker shortage and pain at the gasoline pump have made inflation an economic and political problem for the White House.
- Pressure is on the Federal Reserve and the Biden administration as they try to calibrate policy during a tumultuous period.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.