Former Obama economist warns stagflation threat level is 'highest in a long time' - Fox Business

A former Obama economist warned the U.S. economy could experience a return to 1970s-style stagflation as the Federal Reserve combats inflation with rate hikes.

The danger of the U.S. economy returning to a 1970s-style stagflation scenario is the highest it's been in decades, according to former President Barack Obama's top economic adviser. Jason Furman, a… [+5655 chars]

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