The Biden administration appears to have a plan to address supply chain bottlenecks in key industries - not the least of which is the semiconductor industry.

On Tuesday, the administration announced a "supply-chain disruptions task force" (thank God, we're saved), to identify bottlenecks. It'll be headed up by Secretary of Commerce Gina Raimondo with the help of "Mayor Pete" and will focus on areas like homebuilding and construction, in addition to semiconductors, Bloomberg reports. 

Among the reasons to establish this task force are rising prices and extended delivery times, according to the report. As to the former, we can't help but wonder if Raimondo's first "task force" meeting should be held at the offices of the NY Fed.