Inflation has surged to the highest level since 1982, according to new data from the Labor Department.
Consumer prices climbed 6.8% in November from the year prior, as pandemic-era demand jumped and supply chains struggled with bottlenecks.
Federal Reserve officials credited the inflation jump to the pandemic’s continued effects on the economy. In recent weeks, federal policymakers have had to abandon their message that inflation is limited and temporary, and focus instead on solutions to blunt price increases.
Makada Henry-Nickie, fellow in governance studies at the Brookings Institution, and Anthony Chan, former chief economist for JPMorgan Chase, join Charles Blow on “Prime” to discuss.
All this and more on “Prime.”
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