Q&A Powell:Inflation was not question of demand overheating,but also involved supply side.

  • Inflation was not question of just demand overheating, but also involved a supply shock.
  • Needed to see an unwinding of the pandemic led distortions and the effects of tighter monetary policy
  • We think monetary policy is tight
  • There may be more supply-side gains to be had on inflation
  • Labor market is rebounding
  • Labor market has made substantial progress toward better balance

This article was written by Greg Michalowski at www.forexlive.com. Source