The Fed Has No Plan for Stagflation

Powell claims that higher inflation and lower growth "cancel each other out." But that’s not true — and it’s dangerous.

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Powell claims that higher inflation and lower growth "cancel each other out." But that’s not true — and it’s dangerous. Lower growth doesn’t reduce inflation — it fuels it by increasing deficits and weakening the dollar. The reality? We’re heading straight into stagflation, and the Fed has no plan to fix it. This is a crisis in the making.
 


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