Good news on the inflationary front
Yes, as long as the US is running deficits we will have inflationary pressure in the US. However, there are ways to mitigate that.
1. China has admitted they are in deflation, so decreased demand from China will help alleviate inflation.
2. Japan has admitted they are in recession. Same thing, decreased world demand for goods and services helps alleviate the worldwide inflation.
3. Layoffs will also alleviate the pressure for inflation. Especially now that we have AI which can replace a major portion of the workforce.
4. As bankruptcies skyrocket you will have foreclosures and bank sales at bargain discount prices, again bringing down the inflationary pressure. And by selling repos instead of new or used cars we will have more layoffs and more deflationary pressure.
However, as layoffs impact a significant percentage of taxpayers tax revenue for the government will shrink which will cause the deficit to grow and so add to the inflationary pressure which can only be solved by more layoffs. It should be obvious that we are looking at a short term fix, the only long term fix is war and to the winner goes the spoils.