The Perilous Politics of Rising Inflation

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.

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Background reading:

• 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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