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The U.S. is heading into "stagflation," as inflation & unemployment are rising at the same time. This is the economic nightmare Republicans built: tariff-driven inflation, a war spiking energy prices, and no end in sight. www.wsj.com/economy/cent...

wsj.comFed’s Goolsbee Warns U.S. Economy Heading in ‘Stagflationary’ DirectionThe Chicago Federal Reserve President warned that the persistent combination of energy shocks and stubborn inflation could push the U.S. economy into a “stagflationary” direction.

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I keep hearing “stagflation” thrown around, but unemployment’s still under 4% and core inflation has been trending down since mid-2022. That’s not what stagflation looked like in the ‘70s, at least not yet.