Economists warn of potential "mini-stagflation" in the US, echoing 1970s economic challenges.

Top economists warn that the US may face stagflation, a scenario with high inflation and sluggish economic growth, similar to the 1970s. This makes it challenging for policymakers to respond, as cutting interest rates to boost growth could worsen inflation. Kansas City Fed President Jeff Schmid has noted this risk, suggesting the economy could see a "mini-stagflation" as early as the second quarter.

March 01, 2025
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