Chairman Jerome Powell has predicted. While acknowledging price pressures and wage inflation have been more persistent than he previously thought, Powell said he generally believes they will abate eventually as the initial boost of Covid-dampened business activity normalizes and supply chain bottlenecks ease.
While the company isn't too affected by current supply chain snags, Gessert said, the worker shortage is so bad that the company has had to turn down orders because there weren't enough employees to fulfill them.
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