Bill Dudley, Columnist

Four More Reasons to Worry About U.S. Inflation

This recovery will be very different than the last one.

February 10, 2021 at 11:30 AM UTC

Bill Dudley is a Bloomberg Opinion columnist. A former president of the Federal Reserve Bank of New York, he is a member of Coinbase Global's advisory council.

Soon to be in short supply.
Photographer: Angela Weiss/AFP/Getty Images

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One of the big questions looming over the U.S. economy is how soon the recovery from the coronavirus slump will start to generate inflation. In a recent column, I offered five reasons to be worried about the risk of an unpleasant surprise, in which inflation returns faster than people expect.

I’m now seeing four more.