Stagflation problem for the Fed?

The Federal Reserve faces a problem that the United States has not seen for many years: stagflation.

New inflation data and the Fed's own forecast for economic growth, both released yesterday, make for some uncomfortable reading.

The Labor Department announced that consumer prices rose by 4.3% in January, compared with a year earlier.

This was followed by an acknowledgement by Fed officials that they had reduced their forecast for growth this year to between 1.3% and 2%, and that unemployment

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: