The U.S. economy is facing the risk of so-called stagflation, when the labor market softens as inflation heats up, St. Louis Federal Reserve Bank President Alberto Musalem said on Thursday.
Fed’s Musalem says stagflation trend can’t be ruled out
The U.S. economy is facing the risk of so-called stagflation, when the labor market softens as inflation heats up, St. Louis Federal Reserve Bank President Alberto Musalem said on Thursday.