Fed Officials Worried Over Stagflation Risk Ahead of Tariffs

Federal Reserve officials pointed to the risk of stagflation at their meeting last month, a scenario in which economic growth slows even as inflation remains stubbornly high.

Almost all Fed officials viewed “risks to inflation as tilted to the upside and risks to employment as tilted to the downside,” according to the minutes of the March 18-19 Federal Open Market Committee meeting.