Is There a Risk of Higher Inflation for Longer Than Expected?

It wouldn't be a huge surprise to the market if we learned that inflation remains higher for longer than anticipated. Our best guess is that the back log in the globe, supply chains, will o sor caught up with thethe the consumer demand that exists now. Between now and then, we will probably see a little bit of a bumpy ride when it comes to inflation. There's always the risk that with longer term higher inflate n interest rates trend upward,. which could be very painful, particularly in light of the amount of debt that we have in washington.