That’s correct, Fed Chair Jerome Powell has stated that he sees no indicators of stagflation in the U.S. economy right now. Stagflation is a situation in macroeconomics where a considerable inflation combines with stagnant demand and low employment or recession. Powell’s assessment suggests he believes the U.S. economy continues to grow, albeit at a slower pace than desired, but without significant inflationary pressures or a decline in employment. Keep in mind economic situations can change quickly and depend on various factors from fiscal policy to external shocks the economy might experience. I recommend staying updated on his statements to have the most accurate insights on US economy.
Fed chair Jerome Powell: No sign of stagflation in U.S. economy
That’s correct, Fed Chair Jerome Powell has stated that he sees no indicators of stagflation in the U.S. economy right now. Stagflation is a situation in macroeconomics where a considerable inflation combines with stagnant demand and low employment or recession. Powell’s assessment suggests he believes the U.S. economy continues to grow, albeit at a slower pace than desired, but without significant inflationary pressures or a decline in employment. Keep in mind economic situations can change quickly and depend on various factors from fiscal policy to external shocks the economy might experience. I recommend staying updated on his statements to have the most accurate insights on US economy.
