More from the Philly Fed President:

More from the Philly Fed President:
  • Supply chain constraints are pretty severe and some business leaders say it could be years before they're resolved
  • Says he's in the camp of being more worried that inflation isn't as transient as they think
  • Delta variant is having regional effects on the economy

You can tell which way the wind is blowing at the Fed. The hawks are beginning to get the upper hand.