Tapering, Doubts about “Transitory” Inflation, and “Financial Stability Risks” due to “Valuation Pressures in Housing Markets”: Some Folks at the Fed Getting a Little Nervous – WOLF STREET

“Supply disruptions and labor shortages might linger for longer and might have larger or more persistent effects on prices and wages than they currently assumed.
Fed officials admitted theyd vastly … [+5599 chars]