Will Inflation Come Down Anytime Soon?
Episode description
Inflation is dominating the financial news headlines, and millions of Americans are really hurting from high prices for gas and food. The unemployment rate is still low, but some companies are announcing layoffs and hiring freezes, and it’s hard to see the light at the end of the economic tunnel. There are more questions than answers: What caused the highest inflation rate in 40 years, and how do we get out of it? What can the Biden Administration and the Federal Reserve do to help? Are we facing a recession? And who is inflation affecting the most? Ellen McGirt, senior editor at Fortune magazine, moderated a panel of economic experts at the 2022 Aspen Ideas Festival as they explored all of these questions, picking apart what happened in hindsight, and looking ahead to predict where the economy might go from here. You’ll hear from Karin Kimbrough, the chief economist for LinkedIn Corporation, Gregory Daco, the chief economist at EY-Parthenon, and Steven Rattner, CEO of Willett Advisors.