Stagflation Scare: Fed's Tough Spot
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Reserve Chair Jerome Powell addressed stagflation concerns following the March meeting, denying the presence of 1970s-like inflation despite economic tensions. The term stagflation, coined in 1965, refers to stagnant growth and high inflation. The Feds recent projections indicate downside risks for growth and upside dangers for inflation and unemployment, reminiscent of stagflation. Economists advise preparing for uncertainty by building emergency funds, eliminating high-interest debt, and boosting retirement savings.
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