October 14, 2021
Inflation in the US remains at its highest monthly level since the 2008 financial crisis. Right now most economists agree that rising prices are being driven by pandemic-related supply chain disruptions, which the government can do little about. This has given some oxygen to supporters of the Biden administration's big-spending agenda, who now insist that inflation will ease up once supply chain disruptions resolve. Deficit hawks, for their part, still say that the Federal Reserve is overheating the US economy by keeping interest rates low because it hopes inflation will be short-lived. We compare US inflation and interest rates over the past half century, a period in which America has suffered double-digit inflation figures more than once.
From Your Site Articles
- Think buying American will help ease inflation? Larry Summers says it won’t - GZERO Media ›
- Inflation nation: What’s driving US prices higher? - GZERO Media ›
- Larry Summers: Rising inflation makes society feel "out of control” - GZERO Media ›
- Biden could get Saudis to push Russia out of OPEC+ - GZERO Media ›
- Are we in a recession? - GZERO Media ›
- How bad is inflation in the US and around the world? - GZERO Media ›
- Podcast: Making sense of global inflation, looming recession, & economists who disagree - GZERO Media ›
- S3 Episode 3: Will there be a recession? - GZERO Media ›
- Biden sticks with Powell as Fed Chair amid rising inflation - GZERO Media ›
- What we need to know to fix US inflation - GZERO Media ›
- When high inflation meets high job rates - GZERO Media ›
- Inflation panicking is 1970s hangover, says economic historian Adam Tooze - GZERO Media ›
More For You
GZERO has won the Webby People's Voice Award in the Social - Comedy category for our political satire series Puppet Regime, and our Ian Explains series was named an Honoree in the Social - News & Politics category this year.
Most Popular
While most European countries have tightened their border policies in recent years, Spain is going in the opposite direction.
Armed security personnel stand guard near the Serena Hotel in Islamabad, Pakistan, on April 19, 2026. Heightened security measures were implemented around the venue ahead of the scheduled second round of technical-level talks between U.S. and Iranian delegations, aimed at reaching a negotiated settlement to the weeks-long conflict that has disrupted global energy supplies.
Middle East Images via Reuters Connect
It’s unclear if the second round of US-Iran talks will go ahead in Pakistan after the US Navy intercepted and seized an Iranian-flagged cargo ship outside the Strait of Hormuz this weekend.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.