“Stagflation: What Is It” This is Something to Think About 05.08.25
Something to Think About
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“Stagflation: What Is It”
Bill Bunkley’s “This Is Something to Think About”
Air Date Thursday, May 8, 2025
The much-anticipated Federal Reserve meeting decision is in, and Chairman Jerome Powell and his fellow Fed governors voted to keep interest rates at the current rates. Their conclusion is contrary to President Trump’s wishes that the Fed should have lowered rates at this meeting.
However, as the Fed's decision came in as expected, what was unexpected was their concern that stagflation may be lurking soon.
What is stagflation?
Stagflation is characterized by a combination of high inflation, slow economic growth, and high unemployment. It's an economic condition where prices are rising while the economy is not growing, and a growing number of people are out of work.
The possibility of stagflation only adds to the uncertainty about where the economy is headed and what the appropriate Fed interest rate policy should be to complement economic realities.
Bill Bunkley is a 19-year veteran Salem Media talk show host based in Tampa. The Bill Bunkley Show airs weekdays across central Florida from 3 to 6 pm. Bill is also President of the Florida Ethics & Religious Liberty Commission and the legislative consultant to the Florida Baptist State Convention (Southern Baptist Convention Churches), among other churches and entities. He has served as the legislative consultant to the Florida Baptist State Convention for the last 29 years at the state capitol in Tallahassee. By the Grace of his Lord Jesus, he is today a cancer survivor diagnosed in 2018 with AML Leukemia, having successfully undergone a bone marrow transplant that same year. His wife is Toni, son is Zac, and they attend Idlewild Baptist Church.
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