Powell Dismisses Stagflation Fears During a recent conference, Federal Reserve Chair Jerome Powell dismissed concerns about stagflation, referencing historical contexts where stagflation involved much harsher economic conditions than those seen today. Despite a GDP growth report of 1.6% and a core PCE price index increase of 3.7%, Powell cited current solid growth and inflation under 3% as evidence against imminent stagflation. However, given Powell’s previous misjudgments on economic trends, including a missed prediction on post-pandemic inflation spikes, UBS has developed strategies in case his current assessments prove incorrect again. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Yellen says U.S. Economic Performance 'Vindicates' Heavy COVID-Era Spending READ MORE Yale Insights: Should I Wait to Get A Loan? READ MORE Shelter and Services Costs Key Focus in Upcoming May CPI Report READ MORE World Gold Council: Why Are Gold Prices Rising? READ MORE Why Do Most Nations Use Fiat Money Today? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment