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The Guardian - US
The Guardian - US
Business
Lauren Aratani

As US edges closer to stagflation, economists blame Trump policies

United States Donald Trump Economy Inflation US Federal Reserve Brett House Jerome Powell Interest Rates Unemployment
person stands in aisle at grocery store
A person shops at a grocery store in Glenview, Illinois, on 11 September. Photograph: Nam Y Huh/AP

It’s a strange time for the US economy. Prices are rising, jobs growth has stalled, uncertainty is everywhere and stock markets have soared to record highs. Against this background a scary word last used in the 1970s is being uttered again: stagflation.

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