Fed chair Jerome Powell: No sign of stagflation in U.S. economy

Federal Reserve Chair, Jerome Powell, recently commented on the current state of the U.S economy. Despite some concerns, Powell stated that there is no sign of stagflation occurring. Stagflation refers to an economic scenario in which there is high inflation and high unemployment, alongside slow economic growth. It is often considered a worst-case scenario for economic policymakers as it presents two simultaneous problems that are typically difficult to combat with a single solution. Powell’s comments are therefore indicative of a cautiously optimistic perspective on the current