US Fed in Difficult Situation, But Not Like in 1970s, Cannot Call It Stagflation - Powell

NAMPA / Sputnik

2026-03-18

WASHINGTON, March 18 (RIA Novosti) - United States Federal Reserve Chair Jerome Powell said on Wednesday that the regulator is currently in a tough situation, but it should not be compared to the 1970s, when the US economy suffered from stagflation. "You know, when we use the term stagflation, I always have that was a 1970s term, at a time when unemployment was in double figures and inflation was really high, and the misery index was super high .......

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