Stagflation on the radar for the US economy? Fed Chair Jerome Powell's big remark on 1970s nightmare

Federal Reserve has sounded alarm over US economy that has been affected by US President Donald Trump's tariffs, sparking concerns about the dreaded “stagflation". As new tariffs are implemented amid sticky inflation and slowing growth, some market watchers are sounding the alarm about stagflation. Stagflation is a rare economic scenario of high inflation and stagnant economic growth.