Trump’s tariffs could lead to stagflation. That would be a nightmare. Here’s what it means.
When Jerome Powell, the chairman of the Federal Reserve, was asked to comment about Trump’s tariffs recently, he said that it would likely lead to high unemployment, slow economic growth, and a rise in inflation. Although he didn’t use the term, what he essentially described was “stagflation.” And it would be a nightmare scenario for the American economy. Ali Velshi explains what stagflation is and why we would be wise to avoid it at all costs.
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