[Hoot Gibson]

If the inflation numbers are not transitory and if the rates don't settle down to around 2% later in the year, then we have a problem.  It may be a tad bit higher than expected, but not alarming at this time.

You may be right but history and former Treasury Secretary Summers says that there is a good chance that you are wrong. However, fears over inflation may cause Biden's deficit spending plans to be scaled way back to reduce the danger. As long as prices are spiraling upward, I can't see Congress passing $4 trillion in new spending this year.