Fed’s Kaplan: Won't Be Surprised by Temporary Inflation Rise

The video discusses the potential inflation risks associated with economic stimulus from Washington, the impact of vaccination and reopening on GDP and unemployment, and the cyclical elements of inflation. It highlights supply outages in sectors like semiconductors and oil, and considers the role of technology in muting inflationary pressures. The speaker is particularly interested in how these cyclical and structural forces will play out over time, and questions the persistence of inflation trends.

What role do technology and disruption play in inflationary pressures?

What is the speaker's perspective on the persistence of inflation?