Are we in a new era of permanently higher prices?

Inflation is at a three-year high. That’s a problem for the Fed. Yet, under the leadership of new chair Kevin Warsh, it opted yesterday not to hike interest rates. So today on the show, who are the winners and who are the losers amidst higher inflation? <br /><br />Mark Blyth’s book, co-authored with Nicolò Fraccaroli is <a href="https://wwnorton.com/books/9781324106142" target="_blank">Inflation: A Guide for Users and Losers</a>. <br /><br />Fact checking by <a href="https://www.npr.org/people/1268825622/sierra-juarez" target="_blank">Sierra Juarez</a>. <br /><br /><strong>Your Next Listen </strong><br />— <a href="https://lnk.to/PFLAJXWE" target="_blank">Why big banks aren’t interested in your savings account</a> <br /><br /><strong>Connect with The Indicator </strong><br />— Sign up for <a href="https://npr.org/indicatornewsletter" target="_blank">The Indicator’s brand new newsletter</a> <br />— Buy the <a href="https://lnk.to/i3AukBdDWE" target="_blank">Planet Money book</a> <br />— Find our <a href="https://linktr.ee/indicator_npr" target="_blank">socials, YouTube and more</a>!<br />— For sponsor-free episodes, <a href="https://plus.npr.org/" target="_blank">subscribe to NPR+</a> <br /><br />See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br /><br /><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>