CNBC: "Stagflation is a real concern... PLEASE BELIEVE US!"

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While the economy is still in a “strong position,” the risks that unemployment and inflation will rise have gone up, the Federal Reserve said last week.
Those factors, along with slower economic growth, may prompt stagflation, experts warn.

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followed by a higher than expected jobs report and a lower than expected inflation number.

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experts warn.

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There's your problem.

The next GDP report will be extremely beautiful as well

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experts warn.

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There's your problem.

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The press has taken to this habit of not naming any sources and giving their opinion pieces and wish casting the aura of authority by simply citing "experts". It's complete BS and needs to stop.

The liberal MO has long been to make a prediction based on emotion and use it as an argument. By the time we can demonstrably prove that there prediction is BS, they have moved on to another prediction.

Threat to Democracy, dictator, Russian collusion, etc, are examples. They've been milking climate change predictions for decades...

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I’m a white American liberal male who posts on this board as a staunch moderate constitutionalist, how can I spin your quote into a bad thing?

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And they'll do this for years just waiting for something bad to finally happen just so they can flood the board and say I told you so.

If that’s the case, then Jerome “Too Late” Powell should start cutting interest rates stat.

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If that’s the case, then Jerome “Too Late” Powell should start cutting interest rates stat.

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No, cutting interest rates would hurt, not help, stagflation. If we actually had stagflation (we don’t) the medicine is to hold interest rates high so that the economy stalls, wring out inflation, then cut interest rates and taxes to ignite the economy. At that point, the Fed would have the reins to keep everything in balance.