Should we be worried about inflation during the COVID-19 response?

Federal Reserve Chair Jerome Powell addresses a question about inflation and other potential consequences of the economic response to COVID-19 during a webcast hosted by the Hutchins Center on Fiscal and Monetary Policy at Brookings. Powell notes “globally the challenge has been inflation below target and so honestly it is not a first order concern for us today that too-high inflation might be coming our way in the near-term.”

This is a short segment of a recent webinar hosted by the Brookings Institution.

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[Bigjoe]

Every economist and central bankers are incredibly flippant about inflation but none of them have question is there is anything wrong with the way they measure it..The way its measured is there is a big wage component which has not increase and there is also seems to underweigh healthcare cost..Only when there are blood on the streets, will they look at each other and say yah.. perhaps they miss something..

[maryellen]

So, why do these well-off people have a targeted inflation rate? Because they're making money off it - they own real property that increases value alongside inflation. My parents made bank in the 70's and 80's, due to inflation.
But those who are carefully paying their debts, trying to dig their way out of a hole, who are paying rent because they are unable to buy property - these little people are kept perpetually poor by the cats who try to make inflation happen, for their own benefit.

[chrisodonnell]

Inflation has not been kept low, you’re living to yourselfs.

[endlessmountain]

Good thing I seen "Hidden Secrets of Money" years ago. Gave me lots of time to accumulate the photo shown for my avatar.

[chrisodonnell]

(Π£> MS = Π£v < α)
where (α) = the value of money before quantitative easing & (Π£) = quantity of substance in pounds is greater than the value of market or market size the value of money goes down, making everyone poorer.

[WitchyPoo]

The cessation of commercial activity—travel, tourism, entertainment, restaurants, sports, construction, conferences, or really any transactions, in significant volume, be they in lawyering, accounting, book sales, or sparkplugs—means no revenue, no ability to make payroll or rent, mass layoffs, steep declines in both supply and demand, and reverberations, up and down the food chain, of defaults on debt. THAT'S the economy.

Sell everything that isn't nailed down & prepare yourself..