You can sign up right hereLondon (CNN Business) Mention the word "stagflation" to someone who followed the economy in the 1970s, and you can expect a strong reaction. Federal Reserve Chair Paul Volcker was ultimately forced to jack up interest rates to unprecedented levels to get inflation under control. "One can make a case that 'mild' stagflation is already underway," the economist Nouriel Roubini wrote in a recent column . A prolonged period of stagflation is still not the baseline assumption among economists and Wall Street investors. Last week, the Federal Reserve Bank of New York released its latest survey of consumer expectations.

Source: CNN September 19, 2021 12:33 UTC