Economists Warn of Stagflation As Slowing Growth Meets Stubborn Inflation

• Top economists are eyeing the rising risk that the US will be hit with a bout of stagflation.
• It’s a painful scenario that entails higher inflation and slower economic growth.
• Kansas City Fed president Jeff Schmid this week highlighted the risk of that combined scenario.

Fears of a dire economic scenario have crept into the discussion recently, with top commentators this week expressing concern the US could be headed for a period of stagflation.