Just Ask Dad – The Federal Reserve

When we talk about stagflation, it’s easy to jump back to the 1970s, but today’s reality looks different. The Fed is navigating rising prices fueled by tariffs and the uncertainty that drags on job growth, which means they’ll likely move interest rates only slightly. Their job isn’t to chase political winds—it’s to balance the cost of capital so we preserve both predictability and long-term economic strength.