The Perilous Politics of Rising Inflation

<p>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.</p><p>We look at why prices are on the rise and at the tense political moment they have created.</p><p>Guest: <a href="https://www.nytimes.com/by/jim-tankersley?smid=pc-thedaily">Jim Tankersley</a>, a White House correspondent for The New York Times. </p><p><a href="https://www.nytimes.com/newsletters/signup/NTTD?smid=pc-thedaily">Sign up here</a> to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, <a href="https://www.nytimes.com/newsletters/the-daily?module=inline">subscribe to our newsletter</a>. </p><p>Background reading: </p><ul><li>Supply chain disruptions, a worker shortage and pain at the gasoline pump have made inflation<a href="https://www.nytimes.com/2021/10/26/business/economy/biden-inflation.html"> an economic and political problem for the White House</a>.</li><li>Pressure is on the Federal Reserve and the Biden administration as they try to<a href="https://www.nytimes.com/2021/10/29/business/economy/september-pce-inflation.html"> calibrate policy during a tumultuous period</a>.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday. </p>