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Fed celebrates end of inflation surge, but many Americans don't feel like cheering

PBS
Summary
Nutrition label

71% Informative

Federal Reserve Chair Jerome Powell said in a speech last month that inflation was essentially defeated.

Yet most Americans are not in the same celebratory mood about the plummeting of inflation in the face of the high borrowing rates the Fed engineered.

The relatively sour mood of the public is creating challenges for Vice President Kamala Harris as she seeks to succeed President Joe Biden .

The Fed tailors its interest rate policies to manage inflation rather than price levels.

The central bank’s goal is to return it to a sustainable level rather than reverse the price increases.

Economists tend to regard inflation as a consequence of strong growth, not inflation.

A survey found that ordinary Americans view inflation as an unambiguously bad thing.

VR Score

83

Informative language

89

Neutral language

31

Article tone

semi-formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links