Despite the best efforts of the Biden administration to declare a victory in the fight against

inflation, the latest report indicates that prices may actually be rising at an accelerating rate.

Millions of working class people are continuing to struggle to make ends meet, and yet no meaningful action whatsoever

is on the horizon from the White House or Congress.

We need a new system.

We need a new society.

We need to demand that which may have sounded impossible even a few weeks ago, but is not

only realizable, but an imperative necessity. The We are excited to have again, Professor Richard Wolf, join us for our regular weekly segment, where we talk about the biggest stories related to the economy.

I'm your host, Brian Becker.

The Socialist Program brings you content several days a week thanks to the support of our patrons

at patreon.com forward slash the socialist program.

We appreciate all of your support and encourage you to become a patron today if you

enjoy listening to this show. Richard Wolfe is the co-founder of the organization Democracy at

Work. He's the author of many books, the latest being The Sickness is the System when capitalism

fails to save us from pandemics or itself. Be sure to check out all of his

work at R-D-Wolf.com. That's R-D-W-O-L-F-F.com. Professor Wolf, welcome back. Thank you, Brian.

Glad to be here. Thank you so much. Here from the New York Times, Richard, this came on Tuesday yesterday. Federal Reserve

officials are expected to leave interest rates unchanged at their meeting on Wednesday, that would

be today, buying themselves more time to assess whether borrowing costs are high enough to weigh down

the economy and wrestle inflation

under control. But investors are likely to focus less on what policymakers do on Wednesday and more on

what they say about the future. Wall Street will closely watch whether Fed policymakers still expect to make another

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