Lagarde Joins Powell in Rejecting Stagflation Label of 1970s

European Central Bank President Christine Lagarde said stagflation is a label that belongs to the 1970s and shouldn’t be used to describe the current predicament of the euro zone.

By Craig Stirling, Daniel Hornak · Bloomberg Markets

European Central Bank President Christine Lagarde said stagflation is a label that belongs to the 1970s and shouldn’t be used to describe the current predicament of the euro zone.