Jerome Powell, chairman of the Federal Reserve, said the supply chain problem has not improved and is expected to continue into next year. This is likely to continue into next year, when inflation will last longer than expected.
As the economy recovers from the epidemic, the current rise in US inflation is related to the reopening of the economy, and there will be no sustainable Qualcomm Inc in the future.胀。
"We and others have been predicting for some time that the current surge in inflation will not lead to a new inflation mechanism and that inflation will not remain high every year," Powell said at a conference hosted by the ECB on Wednesday.
Powell said, "the current surge in inflation is actually the result of very strong demand and constraints on the supply chain, all related to the reopening of the economy, which is a process with a beginning, a middle and an end. It is difficult to say how big the impact of this process will be or how long it will last, but we will recover and tide over the difficulties. "
The governors of the European Central Bank, the Bank of Japan and the Bank of England also attended the panel discussion, expressing cautious optimism about the supply chain disruptions that affected the global economy and that rising inflationary pressures would not last.