Fed Chair Jerome Powell recently commented on the state of the U.S. economy, stating that there is currently no sign of stagflation. Stagflation is an economic condition where inflation and unemployment are high while economic growth is slow. With Powell’s statement, it appears that, currently, the U.S. economy isn’t exhibiting these conditions. However, it’s important to regularly check the recent reports and statements from the Federal Reserve for the latest information on the economy’s status. Can I help you with something else?
Fed chair Jerome Powell: No sign of stagflation in U.S. economy
Fed Chair Jerome Powell recently commented on the state of the U.S. economy, stating that there is currently no sign of stagflation. Stagflation is an economic condition where inflation and unemployment are high while economic growth is slow. With Powell’s statement, it appears that, currently, the U.S. economy isn’t exhibiting these conditions. However, it’s important to regularly check the recent reports and statements from the Federal Reserve for the latest information on the economy’s status. Can I help you with something else?
