The news has a lot of articles on stagflation; is that a risk to the economy?
We do not see stagflation as a risk to the economy. It tends to be a problem during recessions, and we do not anticipate one for the foreseeable future.
The term “stagflation” (meaning a state of the economy in which stagnant economic growth is accompanied by high inflation) seemed to have left the lexicon a few decades back, when it last occurred in the U.S.