Powell Q&A: The inflation we have now doesn't have much to do with the supply chain

• Goods inflation has been coming down for some time
• Housing services will come down in 6-12 months
• This big services sector, including financial services, medical services, travel and leisure, that's thee source of the inflation we have no, which doesn't have much to do with the supply chain
• Wages have been moderating without softening in the labor market
• We have many unusual factors affecting inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and I don't think anyone knows how this is going to play out
• The economy is past most estimates of full employment
• We're watching the broader services sector very carefully
• We are carefully for the lags in monetary policy coming into play
• Occupancy of office space is remarkably low; over time that space will turn into condos
• Nothing about the data suggests we have tightened too much
• We still have significant data to see before March meeting
• The ultimate rate we write down in the dot plot 'may well be higher' than December

The three that Powell specified are an important part to watch but also keep an eye on things that seem to have picked up in the new year like used autos and housing. Now that could quickly reverse with rates up again but we will have to see.