Coin界 News Report, ME News Report, March 19 (UTC+8): Federal Reserve Chair Powell stated that the current economic situation in the United States, even if affected by surging energy prices caused by the Iran conflict, is far removed from the "stagflation" conditions of the 1970s. The current inflation rate is only one percentage point above the target level, and the unemployment rate remains low. Powell stated, "I will reserve the term 'stagflation' for more severe circumstances. Our current situation is not like that." Powell added: "Currently we face certain contradictions between our targets, and we are working to resolve this issue through appropriate means. This is a very challenging situation, but it is completely different from what was encountered in the 1970s. I would only use the term 'stagflation' to describe that period."
Coin界 News Report, ME News Report, March 19 (UTC+8): Federal Reserve Chair Powell stated that the current economic situation in the United States, even if affected by surging energy prices caused by the Iran conflict, is far removed from the "stagflation" conditions of the 1970s. The current inflation rate is only one percentage point above the target level, and the unemployment rate remains low. Powell stated, "I will reserve the term 'stagflation' for more severe circumstances. Our current situation is not like that." Powell added: "Currently we face certain contradictions between our targets, and we are working to resolve this issue through appropriate means. This is a very challenging situation, but it is completely different from what was encountered in the 1970s. I would only use the term 'stagflation' to describe that period."