New York Times podcast blames inflation on consumers and companies 'feeding addiction' to high prices

On The New York Times "The Daily" podcast, host Michael Barbaro and reporter Jeanna Smialek discussed how companies' "addiction" to high prices is prolonging inflation.

As the latest New York Times "The Daily" podcast’s subheader claimed, "The Federal Reserve has run up against a stubborn obstacle in efforts to lower prices: companies reluctant to give up fat profits." Gabriel Hays is an associate editor at Fox News. Follow him on Twitter at @gabrieljhays.

The episode began with the economy reporter’s general diagnosis as to why inflation hasn’t "slowed in a big way yet," even though the Fed has embarked on the "most aggressive" interest rate hike since the 1980s.