Steve Rattner(@SteveRattner):The Fed is in a tough spot when it comes to setting rates. Inflation is back up thanks to tariffs and the Iran War, but after years of solid numbers, job growth is now slowing. It's too early to say for sure, but these numbers give off a "whiff" of stagflation.

Steve Rattner

@SteveRattner

Former head of Obama Auto Task Force. Wall Street financier. Contributing Writer to NY Times Op-Ed. Morning Joe Economic Analyst. 🌐

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Steve Rattner@SteveRattner

2026.08.27 16:20

The Fed is in a tough spot when it comes to setting rates. Inflation is back up thanks to tariffs and the Iran War, but after years of solid numbers, job growth is now slowing. It's too early to say for sure, but these numbers give off a "whiff" of stagflation.