Who's Afraid of Inflation?

What's behind the price hikes on cars, food, fuel, and many other items? Is there too much money in the economy? Is it a supply chain problem? And is this a bump on the road to recovery from the economic shocks of the pandemic or a long-term trend? We ask GSAS alumna Betsey Stevenson, professor of public policy and economics at the University of Michigan and a member of the Council of Economic Advisers during the Obama Administration, how worried consumers should be about inflation.