Majority of Americans feel the Federal Reserve should be doing more to address inflation
COLUMBUS, Ohio, March 10, 2022 /PRNewswire/ — Americans have a grim outlook on the U.S. economy, and nearly two-thirds (64%) feel the Federal Reserve should be taking a more aggressive approach to addressing inflation, according to a new survey by the Nationwide Retirement Institute®. While older consumers are most likely to support stronger actions from the Federal Reserve (baby boomers 72%), even a majority of Gen Z (50%) agree the central bank should do more.
However, if the Federal Reserve increases interest rates as expected at its March 2022 meeting, the news will be met with mixed feelings. Consumers are most likely to feel worried (37%) or frustrated (30%) by news of a rate hike with just 23% feeling hopeful. Fourteen percent of all respondents say they would be confused, which rises to 25% among Gen Z.
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