The recent moves in the shorter end of the yield curve does reveal that investors are worried about inflationary pressures and the nest stage of monetary policy. Which of the following perspectives most resonates with you?

		The Fed must tighten monetary policy now as rising inflation, inspired by COVID-related supply chain disruptions, supply-demand mismatches persist
		Confident that the Fed will act in a credible manner to keep inflation well anchored.
		Keep the Fed Funds rate at current levels since yield curve movement as still short-term and reflects transitory inflationary pressures.
		Monetary policy actions are not the best tool to address current price pressures from supply-side shocks.
		Although COVID-related outcomes are still uncertain, these fears have diminished and signal a closer return to economic normalization, and argues against a more aggressive pivot to higher rates.