It Worked To Beat Inflation In The 1980s. They’re Not Considering It Now.

As we move into the new year, we wanted to check in on a persistent economic condition that's likely to impact the U.S. and the globe: inflation. On Today's Show: Neil Irwin , chief economic correspondent at Axios, discusses how Reagan era Fed chairman Paul Volcker reduced high inflation 40 years ago by jacking up interest rates and muddling through a recession. With an almost opposite economic landscape leading into 2022, current Fed chair Jerome Powell might need to pull off a tricky reverse of that strategy.