Mnuchin Warns of Inflation Risks, 3.5% Treasury Yields

The video discusses the current inflation situation, questioning whether it is transitory or a long-term issue. It highlights the limitations of Fed and Treasury models in predicting future economic conditions due to extreme fiscal and monetary responses. The discussion includes the impact of energy prices, the economic rebound, and concerns about ongoing inflation leading to increased national debt and budget issues.

What does the speaker suggest about the future of inflation based on current economic indicators?

In what ways does the speaker believe inflation could impact the national debt and budget issues?