Historically supply shocks hit and resolve quickly but they're lingering longer and it takes time to work its way through, that can feed into expectationsSaid he was pleased that Warsh doubled down on Jackson Hole speechThe number of families that are being stressed by prices has risen on a consistent basisIf the Fed doesn't create an environment where people think prices are going to flatten then it's a problemInflation expectations are solid until they aren'tI don't think it's in our interest to look past wagesThis Fed has been patient over much of 2026The patience was in part because of the belief the war would end, or that employment would deteriorateIt wouldn't surprise me if we saw patience at the October Fed meetingBostic appeared on CNBC. I don't think there is any strong takeaway here but there was the same relief as in the fixed income market that the Fed is taking the inflation risks seriously. This article was written by Adam Button at investinglive.com.