I, being a Gen Zer, can’t speak to that period firsthand. But I agree with Powell nonetheless — the US economy is not experiencing stagflation. It may, however, be experiencing a different ...

"Americans say the economy is bad, but they keep spending like the economy is good," Weiler said. "Pre-COVID, personal savings were at about 4 percent of income. In the most recent readings ...

Fortunately, the Fed has been able to avoid such a fate. The economy grew at a solid clip of 2.8% in 2024, after expanding by 2.9% the year prior. Given all that good news, why aren’t more ...