Monday, July 26

Supply Shortage

Central Bank, Economic Recovery, Economy, Fed, Federal Reserve, Labor Market, labor shortage, Markets, Supply Shortage, Supply shortages

The Fed is bummed out by all the supply and labor shortages, too

The US is recovering well, but supply constraints and worker shortages present obstacles, the Fed said. Product shortages can provide "more lasting but likely still temporary upward pressure" on prices. New technology and retirements could keep the labor market from returning to its pre-crisis norm, the Fed added. See more stories on Insider's business page. Vaccination may be keeping COVID-19 at bay, but the pandemic's fallout lives on in supply shortages and labor scarcity, the Federal Reserve said Friday.March stimulus, vaccination, and the revers...