Inflation & Prices
Americans Credit the Fed for Inflation Cooldown in Consumer Survey
- NY Fed survey shows supply chains also a driver for decrease
- Consumers cite Fed actions as top factor behind inflation drop
The Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Erin Scott/BloombergThis article is for subscribers only.
Americans think the Federal Reserve could soon be taking a victory lap.
US consumers largely credit actions taken by the Fed, followed by improvements in supply-chain issues, as the main factors explaining why inflation has cooled over the past year, according to a New York Fed survey. Those were also the top two factors listed as reasons why the inflation rate may continue to drop in the coming year.