Powell says U.S. economy is not experiencing stagflation

You know, when we use the term stagflation, I always have to point out that that that was a 1970s term at a time when unemployment was in double figures and inflation was really high and the misery index was super high. Add them together, you get the misery index. And that's not the case right now.We actually have unemployment really close to longer run normal and we have inflation that's, you know, one percentage point above that. So calling that stagflation, it's not you, I would reserve the term stagflat ...