Media outlets are blaring about nonexistent "stagflation." Economic experts say they're wrong.
Media outlets, both mainstream and conservative, are warning that the U.S. may enter, is entering, or is already in a period of “stagflation.” Some are citing JPMorgan Chase CEO Jamie Dimon’s warnings last week that Americans should be worried about stagflation and that it’s “on the list of possible things” that could happen, and others are referring to the first quarterly gross domestic product report for 2024, which came in below expectations. However, multiple economists and other experts have explained that stagflation is defined by periods of high inflation together with high ...
Source: mediamatters.org