re: Jobs number blows out expectations - 528k vs 268k expectation, unemployment falls to 3.5%

Getting a strong sense that the Fed is using old paradigms to define the inflation problem.

Stay tuned for the future Harvard whitepaper that will explain why the emerging factors of:

2020-21 Supply chain stop / start
China (world's manufacturer) Covid lock downs into 2022
Great resignation
Virtualization of workplace
Et al

Are out-foxing the Fed's prognostication tools and likely using inflation-mitigation tools that are too blunt.

Hunch