Philip Jefferson
- In this moment, inflation is high
- Supply chain is causing bottlenecks and putting upward pressure on prices
- Inflation we are experiencing has multiple components
- Monetary policy cannot address supply chain issues
There are comments from Raskin as well, who was quizzed about past anti-oil comments:
- The Fed should not favor any sector at all
- I have been clear, the Fed should not pick winners and losers
