Minerd Cites Lumber as Reason He's Not Worried About Inflation

The discussion covers the Federal Reserve's belief in a supply side response improving by year-end, with supply constraints expected to heal. Examples include falling lumber and copper prices, suggesting reduced price pressure. Inflation is concentrated in sectors like travel and cars, with potential COVID resurgence possibly reducing demand and easing price pressures.

What potential impact could a pickup in COVID have on travel and hotel demand?

What factors are mentioned that could push prices up and potentially create downward pressure?