Core Viewpoint - The Federal Reserve's Barr stated that there may be persistent inflation due to rising short-term inflation expectations, supply chain adjustments, and second-round effects [1] Group 1 - Short-term inflation expectations are on the rise, indicating potential challenges for the economy [1] - Supply chain adjustments are contributing to the inflationary pressures, suggesting ongoing disruptions in the market [1] - Second-round effects may lead to further inflation persistence, highlighting the interconnectedness of economic factors [1]