Fed's Mester: Changing Inflation Dynamics of Vital Interest

The video discusses the evolution of inflation dynamics over the past two decades, focusing on the impact of the global pandemic on monetary and fiscal policies. It highlights concerns about inflation due to accommodative monetary policies and expansive fiscal measures. Additionally, it addresses the effects of supply disruptions on inflation as economies reopen.

What are the inflation dynamics that have changed over the past two decades?

What are the reasons mentioned for the accommodative monetary policy in response to the global pandemic?

In what ways are people expressing their concerns about inflation according to the text?

How has the reopening of parts of the economy affected inflation concerns?

What impact does the text suggest higher prices may have on inflation?