Why stagflation is an economic nightmare – and could become a real headache for Biden and the Fed if it emerges in the US
- Written by Veronika Dolar, Assistant Professor of Economics, SUNY Old Westbury
The price of gas is soaring across the U.S.AP Photo/Ashley LandisInflation hit a fresh 40-year high in February as the Consumer Price Index surged to 7.9%, the U.S. Bureau of Labor Statistics reported on March 10, 2022. The continuing surge in inflation comes amid growing fears that the recovering U.S. economy might suffer significantly from the...