Is the US Headed for Stagflation?

Featuring economic experts Laurence D. Fink, Neel Kashkari, Melissa Kearney, and Lawrence H. Summers in conversation with The Wall Street Journal’s Greg Ip. Persistent supply shocks and geopolitics point to continued upward pressure on inflation. Meanwhile, the pressure on real incomes from rising prices and the Fed’s tightening of monetary policy pose risks to growth. In the longer-term, population aging, declining fertility, and a costly and difficult green energy transition all point to lower long-term potential growth (stagnation). This raises the risk of stagflation, an economic dynamic not seen since the 1970s. Presented as part of the McCloskey Speaker Series in Collaboration with the Aspen Economic Strategy Group.