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Some of the leaders of the AI race are calling for a slowdown, for safety's sake. Viewed in economics terms, it's a collective action problem: no one wants to slow down unless everyone does.
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The latest tough inflation report reinforces the challenge for President Trump and GOP candidates ahead into the midterm elections.
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NPR's Scott Detrow speaks with Austan Goolsbee, president of the Federal Reserve Bank of Chicago, about the inflation data that was released on Wednesday.
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Consumer prices continued to rise in September, up 3.7% from the same time last year. The increase is partly driven by high energy prices, a result of the U.S. war in Iran.
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Last week, President Trump signed an emergency order temporarily allowing the use of so-called "red-dyed" diesel gasoline.
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Consumer prices in September jumped 3.7% from a year ago. The Social Security Administration said benefits will increase next year to help keep pace with the rising cost of living. -
High food prices are pushing some older adults to make difficult budget decisions when it comes to what's available to eat. That can mean scaling back on produce in favor of cheaper, processed foods and relying more on food pantries
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Mortgage rates have climbed to more than 7.4%, keeping many potential buyers on the sidelines.
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Prices can get sticky. That helps explain why recessions hurt so much — and what policymakers can do about them.
