How will inflation affect Cash out refi

[Jake Silverman]

I just complete the buy, rehab, and rent portion of my Brrrr. It is my first property and I was planning on doing the cash out refinance portion with a local bank about 4 months from now. How will the fed planning to embrace inflation affect my plan to cash out refi? I know there was already a fee placed on doing a refinance but would love for anyone to shed light on how this announcement will affect cash out refis.