The first big jump in the graph, the Fed printing lots of money after the 2008 crisis, was followed by negative 1% inflation in 2009. The same will happen here

The first big jump in the graph, the Fed printing lots of money after the 2008 crisis, was followed by negative 1% inflation in 2009. The same will happen here, the Fed is creating lots of inflation, but not enough to cancel out the deflation caused by the virus and lockdown.