- We are now seeing signs that supply chain shocks are starting to fade
- Central banks have faced of sequence of supply shocks that couldn't have been predicted
Passing the buck and making excuses isn't a good look. Inflation is 11%, it's your job to know what's happening in the supply chain.
Comments from Mann:
- More shocks have become embedded in price and wage setting
- Front-loaded rate rises potentially have superior inflation outcomes
She sounds more hawkish.
