Barbaro, Michael, et al. “Why Is It so Hard to Hit the Brakes on Inflation?” The New York Times, The New York Times, 6 Oct. 2022, https://www.nytimes.com/2022/10/06/podcasts/the-daily/inflation-car-market-federal-reserve.html.
In the “Why Is It So Hard to Hit the Brakes on Inflation?” New York Times podcast by Michael Barbero, the hosts and guests discuss the challenges facing the car market in the midst of the current inflation crisis in the United States. The hosts point to a number of factors contributing to the high prices of both new and used cars, including disruptions to the supply chain and a shortage of computer chips. Barbaro also notes that the average price of a used car has risen significantly since the start of the pandemic, with some models seeing increases of over 40%. The hosts and guests also discuss potential solutions to address the inflation in the car market, such as increasing production or incentivizing consumers to buy electric vehicles. However, the podcast acknowledge that there are no easy answers and that the situation is likely to persist for some time. In conclusion, the podcast offers valuable insights into the challenges facing the car market and the broader inflation crisis in the United States.
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