Supply ‘bottlenecks’ are driving a consumer price surge. Here’s how that affects inflation

The Consumer Price Index rose 5.4% last month compared to a year ago — the biggest monthly jump since 2008. During testimony on Capitol Hill Wednesday, Federal Reserve Chairman Jerome Powell gave his assessment about the price surge and risks of inflation. David Wessel, the director of The Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, joins Judy Woodruff to discuss.

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