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Supply Chain Inflation
Most participants on the f m c express satisfaction a with the 20 19 labor market. They're still geing to rely on inflation measures to tell them that they've reached the speed limit or the max capacity. Powell was very pleased with the labor market of 20 19, and repeatedly talked about it. He would like to get back to that. Do we see broad based wage gains? Are they going to support a higher rate of inflation?