Is the U.S. Headed for Stagflation?

Persistent supply shocks and geopolitics point to continued upward pressure on inflation. Meanwhile, the strain 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. How great are the risks of stagflation?

Speakers:
Laurence D. Fink, Chairman and Chief Executive Officer, BlackRock
Neel Kashkari, President and Chief Executive Officer, Federal Reserve Bank of Minneapolis
Melissa S. Kearney, Director, Aspen Economic Strategy Group; Neil Moskowitz Professor of Economics, University of Maryland
Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus, Harvard University
Moderator: Greg Ip, Chief Economics Commentator and Deputy Economics Editor, The Wall Street Journal