Former Kansas City Fed Honcho Won't Help MAGA Fight Stagflation

For those who don't know . . . 

Stagflation is an economic condition combining slow growth (stagnation), high unemployment, and high inflation. It is a rare "double whammy" where prices rise while the economy stalls, leaving consumers facing higher costs and reduced job opportunities. The term was famously coined in the 1970s to describe a period when typical economic rules did not apply.

More to the point . . . 

Anybody who looks around local streets can recognize staglfation playing out in nearly every corner of Kansas City.

Like it or not . . . 

Local economists, insiders and opinion-makers aren't going to help the Prez out with his biggest problem outside of (but still connected to) Iran . . . 

Check-it:   

Former Kansas City Fed President Thomas Hoenig has strongly advised against lowering interest rates, citing risks of reigniting inflation and arguing that economic policy remains accommodative. He contends that inflation is still well above the 2% target, and lowering rates prematurely would mimic past policy mistakes, cautioning the Fed to resist political pressure.

Read more via www.TonysKansasCity.com link . . .