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
People vote in the legislative elections in Algiers, Algeria, on July 2, 2026. The electorate, including the diaspora, consists of 24,727,041 registered voters. These elections will elect the 407 members of the tenth legislature of the People's National Assembly (APN), with a mandate of five years.
Billel Bensalem/APP/NurPhoto
Algerians are headed to the polls today to elect their next members of parliament. However, hopes for true democracy look more remote than ever.
Most Popular
In addition to the health concerns from the Ebola outbreak, the UN is sounding the alarm on a potential development crisis in Africa sparked by the disease.
Protesters hold flamingo-shaped placards and a large representation of a flamingo as they demonstrate against the government, following weeks of protests against a planned luxury resort backed by a company linked to Jared Kushner, the son-in-law of US President Donald Trump, on an environmentally sensitive part of the Adriatic coast, in Tirana, Albania, on June 22, 2026.
REUTERS/Valdrin Xhemaj
The protests in the small Balkan country were touched off by the start of construction on a seaside luxury resort linked to US President Donald Trump’s son-in-law, Jared Kushner.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.