---
title: "Powell says 'stagflation' is a 1970s term, not what we face today"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/279658452.md"
datetime: "2026-03-18T19:24:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279658452.md)
  - [en](https://longbridge.com/en/news/279658452.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279658452.md)
---

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# Powell says 'stagflation' is a 1970s term, not what we face today

WASHINGTON, March 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that the current U.S. economic situation, even with the Iran war-induced spike in energy prices was far removed from the “stagflation” of the 1970s, with current inflation only one percentage point above target and low unemployment.

I would reserve the term stagflation for, you know, a much more serious set of circumstances. That is not the situation we’re in,” Powell told a news conference after the Fed held policy rates steady.

“What we have is some tension between the goals and we’re trying to manage our way through it,” Powell added. “It’s a very difficult situation, but it’s nothing like what they faced in the 1970s and I reserve stagflation for that – the word – for that period. Maybe that’s just me.”

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