"In the face of rising inflation, markets have tested the commitment of global central banks to highly accommodative monetary policy," says Jason England. He believes that just as investors have gotten the Reserve Bank of Australia to abandon yield curve control, other policy hallmarks of this era are also likely to be called into question. On the other hand, Joseph Minarik says that the inflation problem is mostly a Covid-19 problem as the pandemic has disrupted transportation and deliveries, which caused supply-chain issues.