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 Gold Defies Commodity Downturn as Rate Cut Hopes Boost Investor Appeal READ MORE Powell Highlights Urgency of Addressing US Debt Path Despite Economic Strength READ MORE Macquarie: Gold Outperforms Despite Diminished Rate Cut Expectations READ MORE Gold Dips as Fed Signals Only One Rate Cut for 2024 READ MORE 2023 Market Performance: A Review of Asset Class Returns READ MORE Add a Comment Cancel replyYour email address will not be published.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