Recent economic projections from Federal Reserve officials had shades of “Stagflation-lite,” in the words of one economist, a sentiment increasingly echoed among other observers of the US economy and central bank wondering if the country’s outperformance during the pandemic is about to slide.
So what is stagflation and why is it suddenly on everyone’s mind?
THAT (BAD) 70s SHOW
Stagflation, or a period of both high inflation and high joblessness,
