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Bill Dudley

Four More Reasons to Worry About U.S. Inflation

This recovery will be very different than the last one.

Soon to be in short supply.

Soon to be in short supply.

Photographer: Angela Weiss/AFP/Getty Images

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.