GZERO World with Ian Bremmer
Explaining inflation & what's next for the US economy
Explaining Inflation & What's Next For the US Economy | GZERO World with Ian Bremmer
August 08, 2022
US inflation is now at a 40-year high. So, what can we do about it?
The Federal Reserve is trying to cool down the overheated economy by raising interest rates. But if the Fed goes too far, the rate hikes could trigger a recession that'll hit low-income Americans hardest.
On GZERO World, Ian Bremmer speaks to economist and University of Chicago professor Austan Goolsbee, who says the recipe to fixing inflation depends on whether you see it as a demand or supply problem.
Goolsbee also shares his thoughts on why some COVID innovations like making masks domestically or WFH were just economic blips, why the Biden administration perhaps put up too much stimulus for the recovery, and why Americans feel glum about the economy yet still have cash in their pockets.
Bonus: find out why people are stealing CATS across America.
More For You
Colombian left-wing presidential candidate Ivan Cepeda campaigns in the southern town of Pitalito, Colombia, on April 11, 2026.
Santiago Chimbaco/LongVisual via ZUMA Press Wire
On Sunday, Colombians will have their say on their first left-wing leader, as they head to the polls to vote in the first round of the presidential election.
Most Popular
Think you know what's going on around the world? Here's your chance to prove it.
Agriculture is undergoing its biggest shift in decades. From precision irrigation to predictive crop models, AI technology is improving yield efficiency and sustainability across the sector. Learn how AI is reshaping agriculture.
Israel’s Prime Minister Benjamin Netanyahu attends a ceremony commemorating Israel’s Remembrance Day for fallen soldiers, or Yom HaZikaron, at the Military Cemetery on Mount Herzl in Jerusalem, on April 21, 2026.
ILIA YEFIMOVICH/Pool via REUTERS
The United States and Iran seem to be moving closer to a deal to end the war, which could hurt Israeli Prime Minister Benjamin Netanyahu’s reelection hopes.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.