Minneapolis Fed President Neel Kashkari says the CEO of a global company gave him an estimate that even if the Strait of Hormuz reopened today, it would take six months for the company’s supply chains to return to normal. “If it's a six-month process for inflation returning to normal, or something like normal in the best case scenario, I'm also concerned about something that's not the best case scenario and what that might do to prices here at home,” Kashkari says.
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