Hawkish Fed signals it may have to raise rates sooner to fight inflation

[progree]

30. "without much of a change in inflation"

From your #20:

Once again, slowing economic growth without much of a change in inflation, is by definition, stagflation. Period.

We've already discussed your error in calling "slowing economic growth" as one of the defining characteristics of stagflation. That would mean, for example, a change from an 8% growth rate to a 6% growth rate -- which is slowing economic growth -- is stagflation if accompanied by, to use your words, "without much of a change in inflation"

Nobody considers a 6% growth rate as stagnant economic growth, or "stagflation" if accompanied by some inflation characteristic.

To be clear, you can have stagflation if you have declining economic growth, AND the economic growth is at a low level or negative, along with some inflation characteristic that we're getting into next. Or you can have stagflation even if economic growth is rising, as long as it is still at a low level.

Rather, in this post, I am questioning your 2nd part of your definition of stagflation:

"without much of a change in inflation"

Who told you that? When we studied stagflation in an economics class, it was high inflation, and particularly when the inflation rate was rising.

But to you, weak economic growth with say a constant 1% inflation rate is stagflation because it is "without much of a change in inflation"

I doubt there is any economist that agrees with you that "without much change of inflation" is a defining characteristic of stagflation.

"Stagflation": does not mean stagnant inflation. But oh well.

And currently, inflation is clearly rising, not "without much change".

Can you name a single economist that characterizes the current U.S. economic situation as stagflation, or nearing stagflation?