Powell, Lagarde, Kuroda, Bailey Seek to Allay Inflation Concerns

The video discusses the current inflation spike, attributing it to supply constraints and strong demand. It suggests that the price increases are largely transitory, excluding temporary factors. The underlying inflation is stronger than the headline figure suggests. The video also touches on the understanding of economic mechanisms and the effects of rates, without making any predictions about future decisions.

What is mentioned about the understanding of the effect of rates in the transmission mechanism?

What decision is anticipated to be made in November according to the text?