Atlanta Fed Bank President Says Business Leaders Tell Him Supply Chain Issues Will Last Until ‘Middle of 2022, Maybe into the Third or the Fourth Quarter.’

On Friday’s broadcast of the Fox News Channel’s “Your World,” Federal Reserve Bank of Atlanta President Raphael Bostic stated that business leaders he talks to think the supply chain issues will be resolved in “the middle of 2022, maybe into the third or the fourth quarter.”

Bostic said, [relevant remarks begin around 5:15] “I talk to business leaders all the time, and I ask them exactly this question, when do you expect supply chain issues to be resolved?

When I asked them in the summertime, they said, we should be done by the end of the year. Today, when I ask them, they say, well, it looks like more the middle of 2022, maybe into the third or the fourth quarter. They’re just not sure.”