#stagflation

#stagflation

After seeing a strong beat for GDP in June, surprisingly strong retail sales figures and upbeat survey data over the summer, optimists would be forgiven for thinking the UK economy was defying the doubters. That wasn't to be this month, the UK economy is firmly back in the slow lane. Stagflation remains the key challenge for policy makers. With anaemic growth and inflation running at 3.8%, the Bank of England may feel its hands are tied.

We are going to allow you to buy it. We're not going to custody it. We're going to put it in statements for clients.

Mr. Powell emphasized that the tariffs could contribute to stagflation, as inflation rises and economic growth slows, complicating the Fed's dual mandate.