1. Please, describe what the current economic situation is for most advanced economies, using the US as an example. Given the current economic situation, what are the challenges that the Fed faces and what policies should they adopt, please?

2. Generally speaking, would you say that inflation is relatively stable? Why or why not? Are there any factors that could distort this behavior of inflation?

3. "Markets are showing "stubborn resilience" despite inflation concerns," the WSJ, Nov. 2021.

Why don't markets seem to be too concerned about inflation? Shouldmarkets be concerned about inflation and why or why not, according to your opinion?