Inflation Surge Defeated, Americans Disappointed
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hurtful inflationVOA
•US Fed welcomes 'soft landing' even if many Americans don't feel like cheering
72% Informative
Many 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 .
Many voters say they're dissatisfied with the Biden-Harris administration's economic record, especially frustrated by high prices.
The Fed tailors its interest rate policies to manage inflation, rather than price levels.
The central bank's goal is to return inflation to a sustainable level, currently defined as 2% , rather than reverse the price increases.
Economists in general are more likely to regard inflation as a consequence of strong growth.
VR Score
84
Informative language
90
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32
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English
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