
Inflation and the Economy: How Bad is This Going to Get?
Setup
Inflation has reached heights not seen in four decades. While the Russia–Ukraine conflict has played a role, prices were already marching upward as the nation emerged from COVID lockdowns. Gasoline prices are at all-time highs, and many other items are registering double digit increases. Inflation pushed the Federal Reserve to raise interest rates sooner than expected, leading the stock market into a sharp decline. Has inflation peaked, and how fast is it likely to go down? Is a recession likely in the near term? What are the effects on employment, and who might get hit hardest? What tools do Washington policy makers have at their disposal to moderate the pace of price increases, particularly in gasoline?
- 2022 Festival
Explore More
USA





Americans seem more culturally and ideologically divided than at any point in most of our lifetimes, with no prospect of bridging those divides any time soon. The only thing w...

It’s a fact: In communities where voting rates are higher, health outcomes are better. That’s why ER physician Alister Martin, the Founder of Vot-ER and CEO of A Healthier Dem...







At the 2023 Aspen Ideas Festival, we dug into some of the most important and fascinating issues of our time, from rebuilding trust in our institutions and the promise and peri...











