A new Fed chair stares down inflation.

On Tuesday, the Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) report for April, which showed an increase of 3.8% from a year earlier, slightly higher than economists’ expectations. The latest inflation figures represent the highest annual increase since May 2023, up from 3.3% in March. On a month-to-month basis, prices rose a seasonally adjusted 0.6% after rising 0.9% in March. Core inflation, which excludes volatile food and energy prices, rose 0.4% for the month, its highest pace since January 2025. Our latest Suspension of the Rules. Isaac, Ari and Kmele let loose a bit in today’s episode, discussing Sen. Rand Paul’s son hurling antisemitic remarks at Rep. Mike Lawler and Rep. Alexandria Ocasio-Cortez’s possible political ambitions. Plus, what were some lessons the media should have learned from the Covid-19 pandemic? Check out the latest here! Ad-free podcasts are here! To listen to this podcast ad-free, and to enjoy our subscriber only premium content, go to ReadTangle.com to sign up! You can read today's podcast⁠ ⁠⁠here⁠⁠⁠ and today’s “Have a nice day” story ⁠here⁠. You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Take the survey: How concerned are you about inflation? Let us know. Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall. This podcast was written by: Will Kaback and audio edited and mixed by Dewey Thomas. Music for the podcast was produced by Diet 75. Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Lindsey Knuth, Bailey Saul, and Audrey Moorehead.