The Graphic Truth: 50 years of US inflation vs interest rates

The Graphic Truth: 50 years of US inflation vs interest rates
Ari Winkleman

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.

More from GZERO Media

A drone view shows the scene where U.S. right-wing activist, commentator, Charlie Kirk, an ally of U.S. President Donald Trump, was fatally shot during an event at Utah Valley University, in Orem, Utah, U.S. September 11, 2025.
REUTERS/Cheney Orr

The assassination of 31-year old conservative activist Charlie Kirk at a college event in Utah yesterday threatened to plunge a deeply divided America further into a cycle of rising political violence.

Venezuela's President Nicolas Maduro stands next to members of the armed forces, on the day he says that his country would deploy military, police and civilian defenses at 284 "battlefront" locations across the country, amid heightened tensions with the U.S., in La Guaira, Venezuela, September 11, 2025.
Miraflores Palace/Handout via REUTERS

284: Venezuelan president Nicolás Maduro has deployed military assets to 284 “battlefront” locations across the country, amid rising tensions with the US.

A member of Nepal army stands guard as people gather to observe rituals during the final day of Indra Jatra festival to worship Indra, Kumari and other deities and to mark the end of monsoon season.
REUTERS/Navesh Chitrakar

Nepal’s “Gen-Z” protest movement has looked to a different generation entirely with their pick for an interim leader. Protest leaders say they want the country’s retired chief justice, Sushila Karki, 73, to head a transitional government.

Trump's silhouette as a wrecking ball banging into the Federal Reserve.
Gemini

President Trump has made no secret of his longstanding desire for lower interest rates to juice the economy and reduce the cost of servicing the $30 trillion federal debt.

The Nepalese government’s decision last week to ban several social platforms has touched off an ongoing wave of deadly unrest in the South Asian country of 30 million.

The Nepalese government’s decision last week to ban several social platforms has touched off an ongoing wave of deadly unrest in the South Asian country of 30 million.

General Wieslaw Kukula, chief of the General Staff of the Polish Armed Forces, takes part in an extraordinary government cabinet meeting at the Chancellery of the Prime Minister, following violations of Polish airspace during a Russian attack on Ukraine in Warsaw, Poland, on September 10, 2025.
(Photo by Aleksander Kalka/NurPhoto

NATO jets last night shot down Russian drones that had entered Polish airspace. Poland said the unmanned aircraft had crossed the border en route to a strike on Ukraine.