How the White House Is Spinning 9.1% Inflation

As inflation hits another 40-year high, the White House says the new figures are already "out of date." But how will they affect the Federal Reserve's thinking on interest rates, and is a recession with high unemployment required to get inflation under control, as the economist Larry Summers suggests? Plus, Chuck Schumer and Joe Manchin are still looking for a reconciliation deal for Democrats to approve. Learn more about your ad choices. Visit megaphone.fm/adchoices