Today, we discuss what could drive much higher inflation rates over coming years. We discuss a fast recovery, the Fed’s change and its influence on the ECB, monetary financing of expansionary fiscal policies and a political shift to a progressive left in the US and Germany. Global Head of FI&C Research Thomas Harr chairs today’s podcast and is joined by US economist Mikael Olai Milhøj, Euroland economist Aila Mihr and ECB economist and FI strategist Piet Christiansen.