The Perilous Politics of Rising Inflation
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Inflation in the United States is rising at its fastest rate so far this century. At 4 percent, according to one index, it is about double the Federal Reserve’s target.
Much of what’s happening is related to the pandemic and surging demand as the nation returns to something resembling normalcy.
Republicans have latched onto the issue, blaming President Biden for the economic situation.
We look at the problems created by rising prices and at the tense political moment they have created.
On today’s episode
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.
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Jim Tankersley contributed reporting.
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