Evidence Relationship: Opposes
Vote on whether "Supply chain disruptions eased 58% between January 2022 and December 2023 according to the New York Fed's index." is good evidence that opposes the claim "The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023."
Sources for this evidence:
Evidence Claim
Supply chain disruptions eased 58% between January 2022 and December 2023 according to the New York Fed's index.
Resolution of pandemic-related supply bottlenecks independently reduced goods inflation, separate from demand-side effects of Fed policy.
Main Claim
The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023.
This claim attributes the decline in U.S. inflation rates over an 18-month period directly to the Federal Reserve's monetary policy of raising interest rates. The Fed increased rates from 0.25% to 5.5% during 2022-2023, and inflation measured by CPI fell from its peak of 9.1% to 3.4% in this timeframe.
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