Daybreak Europe Show Open: The Supply Crunch

The video discusses Robin Brooks' perspective on global supply chain disruptions, emphasizing that while the US is experiencing tightness similar to Japan post-Fukushima, it is not a global issue. The US supply chain is tight, with shortages mentioned frequently in the Beige Book and affecting 75% of businesses according to the Richmond Fed. This situation is expected to influence inflation and ease the Federal Reserve's tasks in 2022.

What is the significance of the Beige Book in the context of supply shortages?

In what way does the narrative around supply chain issues affect inflation according to the text?