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 UAE Aims for Gold Standard in Online Trading Transparency READ MORE 50-Point Rate Cut Back on the Table — Gold Hits Record Highs READ MORE Inflation Ticks Higher in January, Surpassing Predictions READ MORE Gold's Disconnect from Dollar and Yields Raises Questions for Wealth Managers READ MORE Vietnam Sees Stores Packed with Gold Traders READ MORE Add a Comment Cancel replyYour email address will not be published.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