Fed's Kashkari, ECB's Lagarde, BOE's Bailey on Inflation Risks

The transcript discusses the current state of inflation and its expected moderation over time. It highlights the challenges of adjusting monetary policy in response to temporary inflation pressures and the limitations of interest rate changes on supply issues. The discussion also covers the impact of supply bottlenecks and the current state of the labor market and output gap.

What is the speaker's view on the effectiveness of raising interest rates in addressing supply issues?

What does the speaker indicate about the labor market and its current state?