The Fed Isn’t Calling It ‘Stagflation,’ but the Risks Are Rising

President Trump’s trade war is likely to lead to higher prices and slower growth, a challenging combination for the Fed. War in the Middle East could make the job harder still.

Jun 19, 2025 - 03:00
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President Trump’s trade war is likely to lead to higher prices and slower growth, a challenging combination for the Fed. War in the Middle East could make the job harder still.