UBS' Donovan Calls U.S. Consumer Price Inflation Normal

The video discusses the relationship between US inflation and political factors, specifically addressing the misconception that inflation is dependent on the actions of the US president. It explains that current inflation levels in the US are normal, following a period of low inflation due to a drop in oil prices. The video also examines market expectations using inflation-linked bonds, highlighting their limitations in predicting actual inflation. It concludes that both bond markets and consumers are poor predictors of inflation, with economists being the most reliable forecasters.

What has been the trend in consumer price inflation in the United States according to the text?

Who does the speaker believe can accurately predict inflation?