"the fiscal tailwind will become a fiscal headwind as we head into 2022. The Hutchins Center estimates that the fiscal headwind in 2022 will reduce GDP by -2.5%."

Thanks for posting This is a very grounded article about inflation and why we might not see the hyperinflation that some like Jack Dorsey are predicting. I can't help but think Central Banks are quite happy to see the levels of inflation we have at the moment as it makes their bonds more attractive once they push up interest rates. However, it's a real balancing act for them this time due to their Debt to GDP ratios and the lacklustre performance of their economies.