THE SHORTAGE - Baby Formula

"Parents nationwide struggle with a critical baby formula shortage" PBS NewsHour 5/13/2022

Excerpt

SUMMARY:  A baby formula shortage has become a major problem for parents around the U.S., one without quick solutions.  About 40 percent of formula is out of stock nationwide due to supply chain disruptions, inflation and a recall by one of the biggest producers.  Meanwhile, the White House announced steps to address the shortage.  Brian Dittmeier, of the National WIC Association, joins Ali Rogin to discuss.

U.S. ECONOMY - Inflation's Impact

"Inflation surged at the fastest pace in 40 years.  What will it mean for consumers?" PBS NewsHour 1/12/2022

Excerpt

SUMMARY:  The last time inflation rose 7 percent annually was back in 1982 and the latest consumer price report shows costs are continuing to spike.  That is presenting real questions for the Federal Reserve, which is tasked with promoting stable prices.  Mary Daly, president of the Federal Reserve Bank of San Francisco who also sits on the committee that decides interest rates, joins Judy Woodruff to discuss.