"That GDP, most of that was inventories. And when you build up inventories, that usually isn't a good sign. It means you're stuck with things you can't sell. As far as the employment picture, most of those jobs are low income people."
"We're limping along at about 2% real GDP; we've got 1.5 million people fewer employed than at the peak; and the pool of people that could be employed has increased by about 15 million."
You can see that inflation is not of concern at the moment, in CPI terms at least. Here are charts of the consumer price index via BLS.gov.
Monthly CPI Year-Over-Year % (Not Seasonally Adjusted) - BLS.gov
Monthly CPI Year-Over-Year % (Seasonally Adjusted)
Half Year CPI Year-Over-Year % (Not Seasonally Adjusted)TradingView.com.