Listen to Department of Economics faculty, Todd Federman and David Axelrod, discuss the current inflation crisis in the U.S.  In this episode they discuss the following:

• Inflation definition 
• How is the inflation rate calculated?
• Impact of Covid on inflation  
• Why the inflation rate has spiked and its’ implications on the U.S. economy and consumers 
• Actions that can be implemented by the Federal Reserve Bank to lower the rate
• Prediction on impact of recent interest rate increase 
• Role of supply chain on impacting inflation rate