[throwaway34241]

If I remember correctly, I think Krugman's view is less that there won't be sustained inflation pressure (he's speculated it's transitory, but expressed a lot of uncertainty about it), but rather that the Fed tightening to address that pressure won't necessarily lead to a recession (although of course getting the timing right is tricky).

(I remember him discussing it in detail in this [1] debate with Larry Summers, although it's been a while since I watched it).

That view doesn't seem to contradict the original article, which says prices will increase "unless there is a significant boost in productivity so supply can catch up with demand, or policy makers shift to a tighter stance".

[1] https://www.youtube.com/watch?v=EbZ3_LZxs54