Quote:
Originally Posted by Mathgod
Due to major supply chain disruptions and shortages of many commodities such as computer chips, coupled with soaring fuel prices, I don't think the current inflation can be solved simply through interest rate hikes. Fixing the supply chain issues is probably the only way things can return to some level of normalcy, and it'll likely take quite some time to get there. High inflation will probably be here to stay for several years, unfortunately.
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Sure, but high interest rates are meant to lower demand, which in turn will put less of a strain on the supply chain.