Inflation Is Down but Don't Thank the Fed This opinion piece from Paul A. London challenges the popular narrative crediting the Federal Reserve for the recent reduction in inflation. While inflation dropped from around 9 percent in mid-2022 to approximately 3 percent by January 2024, the article argues that this decline is largely due to factors outside the Fed’s control. Key contributors to this change include the resolution of COVID-related disruptions, such as the normalization of supply chains, the reduction in shipping and trucking costs, and the stabilization of gasoline prices. The article emphasizes that improvements in supply, rather than monetary policy, have been instrumental in moderating inflation. This viewpoint suggests that while the Fed’s role is often highlighted, the actual reasons for the decrease in inflation are more complex and rooted in the global economic recovery post-pandemic. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US business activity cools in April; inflation measures mixed READ MORE Gold Keeps Hitting Records and ‘Not Everything Adds Up.’ What’s Moving Prices READ MORE Persistent Inflation Challenges Eurozone, Core Prices Higher Than Anticipated READ MORE Over 80,000 Global Enthusiasts Flock to HongKong’s Twin Jewellery Shows READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment