So, what is stagflation, anyway, and why is it so scary?

There’s no cocktail a central banker hates more than high unemployment mixed with high inflation. That cocktail, also known as stagflation, was in the limelight after the Federal Reserve’s March meeting.

​ There’s no cocktail a central banker hates more than high unemployment mixed with high inflation. That cocktail, also known as stagflation, was in the limelight after the Federal Reserve’s March meeting. Read More Breaking News, Latest News and Videos | CNN