Is There Asymmetric Risks to the Inflation Outlook?

The thing i really about john is that he kind of looks at everything on a probability distribution basis. So he's always trying to weigh tail risks on either side. I this is something tha i've been thinking about with the piece i did on wakflation. And it seems lie, yes, everyone's worried about inflation right now, but really what's going on is, it's not necessarily relentless. Price increases its volatility in those prices and the difficulty of actually predicting where they're going to go given all these different factors around supply and while now with the omicron variant.