Recent economic projections from Federal Reserve officials hint at a mild form of “stagflation,” as one economist put it—a concern gaining traction among analysts who question whether the U.S. economy’s strong post-pandemic performance is beginning to wane. On Wednesday, the Federal Reserve painted a picture of an economy reshaped dramatically by President Donald Trump and his economic policy.
It warned that tariffs could significantly dampen the economic outlook, ushering in higher inflation and slower growth. That sparked concerns about the dreaded “stagflation,” an economic curse that is hard to escape.
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What is stagflation?
Stagflation, or a period of both high inflation and high joblessness, hit the US notably in the 1970s, which may have…
