Chicago Federal Reserve Bank President Charles Evans

  • looking for inflationary pressures to recede, will be monitoring this well in the middle of 2022
  • would not be surprised if the unemployment rate is 4.5% by the end of 2021
  • had expected a more resilient supply chain than what we have seen

On his supply chain comment. These Fed officials have a handle on financial issues but are often out of touch with what is happening in the real economy. How can anyone not be aware of the just-in-time economy and how easily its upset?