Don't think it's relevant to the fed because it's clear there is an actual supply chain shortage which is being exaggerated by much higher than normal demand. H

Don't think it's relevant to the fed because it's clear there is an actual supply chain shortage which is being exaggerated by much higher than normal demand. Hence the low rates are not causing that. In fact raising rates would make it harder to borrow to increase production or to pay for the now more expensive components.