According to economists, the Fed is struggling to keep inflation in the US under control. The situation may worsen due to disruptions in supply chains next year. Experts say that the US regulator finds it difficult to solely combat the rising inflation. The problem is exacerbated by serious disruptions in global supply chains, which are likely to persist in 2022. The Fed may have to take tough measures to slow down the inflation in the country, which has exceeded the target level by three times. The Fed's projected rise in interest rates may become successful if the supply chain situation recovers. Any improvement of this factor on a global scale will help curb inflation. Analysts state that persistent setbacks in the economy trigger problems in global supply chains. The result resembles a Sisyphean task: the regulator's efforts lead to nothing but a slight slowdown in inflation. US consumer prices soared to 6.8% in November 2021 from 6.2% yearly and rose by 0.8% monthly. The rate of inflation in the US rose sharply due to fiscal stimulus from the monetary authorities as well as disruptions in the manufacturing supply chain. Jerome Powell, chairman of the Fed, recognized earlier high inflation in the country as a serious problem, not a temporary phenomenon. In November 2021, the regulator announced a gradual tapering of the asset purchasing program at $15 billion per month (from the previous $120 billion per month). At the same time, the Federal Reserve stressed that it was ready to wind down the program earlier than planned.
