Winter is Coming, or Perhaps Not — Stimulus and the Risk of U.S. Inflation

As the outlook for the economic recovery from the COVID-19 crisis
brightens, market participants are closely watching the shape and
speed of the rebound. While many are concerned about the risk of
rapidly rising inflation as the Treasury yield curve steepens,
commodity prices surge worldwide, and stimulus money fills U.S.
consumers’ pockets, such fears may be overblown. S&P Global
Ratings Global Chief Economist Paul Gruenwald joins the Essential
Podcast to discuss the risk of unanchored inflation and benefits
of orderly reflation in the wake of the U.S.’s $1.9 trillion
fiscal stimulus package and proposed $2 trillion infrastructure
package