After reviewing market and macro news for the week of Sept. 13-17, co-hosts Jeff Mayberry and Samuel Lau take up the Question of Week to explain the phenomenon of stagflation, the dilemma of high inflation amid a weak economy that last confronted the U.S. in the late 1970s-early 1980s (11:20). Jeff and Sam also share their reasons why they expect inflation to run above 5% for the foreseeable future (19:02). Sam expresses his doubts (22:20) about whether Federal Reserve Chair Jerome Powell will live up to his assurances about the central bank’s wherewithal to tamp down inflation in the event of a problematic deterioration in consumer purchasing power. On a related note, the podcast hosts will be watching the Federal Open Market Committee meeting and Powell’s related news conference, Wednesday Sept. 22, for any hint of taper talk (25:53).

MMM Episode 33: Sept. 13-17 Market Recap, Stagflation Answers, Powell Questions

Monday Morning Minutes