Inflation Is One of the Most Underpriced Risks, Axel Merk Warns

The transcript discusses the market's skepticism towards the Fed's inflation targets and the need for a sentiment shift to achieve a 2% inflation rate. It highlights the current economic conditions, including low unemployment and accommodative policies, which could lead to a hot economy. The speaker expresses concern about inflation as an underpriced risk in the market, emphasizing the need for vigilance despite the absence of immediate problems.

What are the potential consequences of push cost inflation according to the speaker?

Why does the speaker believe that it is important to be vigilant about inflation?