I was thinking about this topic the other day. US COVID numbers are dropping precipitously, more vaccine supply is coming online, so what happens if things con

I was thinking about this topic the other day. US COVID numbers are dropping precipitously, more vaccine supply is coming online, so what happens if things continue to improve at a brisk pace and the economy heats back up faster than anyone expected...and we get some inflation? I am thinking specifically about how higher and unanticipated inflation affects corporate debt, and the companies which will not be able to survive rolling their debt when the market demands a higher interest rates to cover the inflation. Policy makers would be in quite the predicament of either raising rates or letting it run it's course and hoping it doesn't get too high.