Fed's Barkin Sees Inflation Pressures Increasing in 2Q

The transcript discusses the challenges faced by the manufacturing sector, including labor shortages and rising prices. It highlights the surge in demand due to excess savings and the difficulties in scaling up production. The conversation also touches on market reactions, inflation expectations, and the potential short-term price pressures. Despite these challenges, there is no overwhelming intent to escalate prices beyond normal levels, suggesting moderated inflation in the medium to long term.

What are the implications of labor shortages on material delivery and prices in manufacturing?

How has consumer behavior changed in response to excess savings during the pandemic?

What factors contribute to the price pressure expected in the fall?

Discuss the relationship between inflation expectations and actual price changes.

What are the long-term expectations for inflation according to the speaker?