The Importance of the Global Supply Chain in Lower Inflation

Powell said a reason that we had low inflation in the past was because the global supply chain helped to lower costs, right? Because we're importing so much stock from China and over other places. But he thinks those days are gone and they're not coming back. And so they're getting ahead of it by buying tech stocks. Now, if they really understood how the movie is going to end this time, they would be buying gold stocks instead of tech stocks.