Inflation has reached heights not seen in four decades. While the Russia–Ukraine conflict has played a role, prices were already marching upward as the nation emerged from COVID lockdowns. Gasoline prices are at all-time highs, and many other items are registering double digit increases. Inflation pushed the Federal Reserve to raise interest rates sooner than expected, leading the stock market into a sharp decline. Has inflation peaked, and how fast is it likely to go down? Does Washington have any tools to moderate the pace of price increases, particularly in gasoline? Is a recession likely in the near term? Has the stock market absorbed all the likely bad economic news? How much of this mess was unavoidable versus bad policy decisions?
This conversation was part of the 2022 Aspen Ideas Festival.
Karin Kimbrough, Chief Economist, LinkedIn Corporation
Steven Rattner, Chairman and CEO, Willett Advisors
Ellen McGirt, Senior Editor and Columnist, Fortune; Founder, Sweet Equity Media
Gregory Daco, Chief Economist, EY-Parthenon
Now in its 18th year, the Aspen Ideas Festival is the Aspen Institute’s signature summer public event. Among the key themes explored at this year’s festival are conversations around the concepts of Heat, Power, Connection, Trust, Money, and Beauty.
From June 25-July 1, 2022 more than 300 leaders and innovators gather in the Rocky Mountains to engage in deep and inquisitive discussion of the issues that shape our lives and challenge our times, spanning politics, business, science, the arts, education, and more. #AspenIdeas
For more information about the Aspen Ideas Festival, visit