The Perilous Politics of Rising Inflation

The Daily

The New York Times

Daily News, News

4.4 • 102.8K Ratings

🗓️ 2 November 2021

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

Transcript

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0:00.0	Today's episode of The Daily is sponsored by BetterHelp.
0:03.5	Why not take the next 10 seconds to focus on your breath, whatever you are doing, wherever
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0:28.4	From the New York Times, I'm Sabrina Tavrini-C. This is The Daily.
0:35.4	Today, the United States is dealing with substantial inflation for the first time in decades.
0:50.7	My colleague Jim Tangerstley, on why prices are rising and the perilous political moment
0:56.3	it creates for the president.
1:01.4	It's Tuesday, November 2nd.
1:08.4	Jim, I know you cover the White House for The New York Times, but you also have a background
1:12.7	as an economics reporter.
1:14.6	So I wanted to ask you a real kind of economics 101 question, and it's this.
1:20.0	I've been noticing prices going up for things like groceries, restaurants, gas, and when
1:27.4	prices go up at the most basic level, that's inflation, right?
1:32.6	That's exactly it.
1:33.8	When prices rise in the economy, that's inflation.
1:38.4	And it's the prices you see, it's the prices you maybe don't experience every day, but
	...

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