I know how much you've missed me.
Mr. Poloz, I'll direct my questions to you. It's good to see you at committee again. Thank you for your presentation.
Quantitative easing and the amount of stimulus that we've seen into the economy.... I know when you had appeared previously, you had forecasted that inflation was in check and that it didn't appear to be an issue, but we're seeing some trends now that are quite concerning about inflation. In particular, industry has suggested that because of supply chain and shipping issues—we're seeing that very much in several sectors—we're starting to see that spike up.
Is this not a concern on two fronts? The first is affordability in a variety of different sectors and competitiveness. The second is the potential now for interest rates to start to rise to offset that inflation.