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Is inflation really in check?

A Visa credit card is tendered. (Richard Drew/AP)
A Visa credit card is tendered. (Richard Drew/AP)

Since 2021, the Federal Reserve has targeted high levels of inflation in the economy with interest rate hikes, and price increases have slowed in recent months.

Last month, inflation fell to 3%, which is close to the Federal Reserve’s target rate of 2%. But is high inflation really gone for good?

We put that question to Ali Velshi, MSNBC economics correspondent and anchor.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.