Prices Climb at Fastest Pace in 30 Years, Supply Chain Snarls Linger

It is “frustrating to see the bottlenecks and supply chain problems not getting better — in fact, at the margin, apparently getting a little bit worse,” Jerome H. Powell, the Fed’s chair, said while speaking on a panel. “We see that continuing into next year, probably, and holding inflation up longer than we had thought.” Read more about it here.