So thus begins our obsession with inflation, and we are still obsessed with it.

And there are some reasons to be feeling those inflationy feelings again,

because the Consumer Price Index rose 6.2% in October from a year ago.

That's the highest level it's hit in 30 years. Now, again, this is not a U.S. only problem.

Countries all over the world are dealing with volatile post-pandemic or this phase of the pandemic,

economies, and we have better problems than some countries.

This is Sarah Stewart-Holland, and this is Beth Silverz.

Thank you for joining us for Pantsuit Politics.

Hello everyone, welcome to another episode. We are so glad you're here with us today.

You know, here on our podcast, we try to bring a different approach to the news.

But sometimes the topic in the news needs a little or a lot of background information,

and that's the motivation behind our series 5 Things You Need To Know.

Sometimes you need to know more information before you can form an opinion or understand a recent

headline. Now, you can find all our past 5 Things You Need To Know on Spotify. There's a playlist

that will link in the show notes in case you want to go back. But today, we're going to tackle 5

things you need to know about the Federal Reserve. Why? Are we talking about this? Federal Reserve

I understand makes a lot of people's eyes roll in the back of their heads. But there is a lot of

big do-something energy about the economy right now. Because the prices of some goods are rising,

and those prices are going up for a whole lot of reasons. I talked on the nightly

new ones last night about why gas prices are up globally. And we've spent a bunch of time together

talking about the global supply chain. We've talked about how Americans have a lot of cash and

savings, so we're buying more stuff, but we still aren't using services at the same rate we were

...