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Johnson: U.S. Faces Stagflation Threat

The Fed is in a quandary as inflation data confirms that price levels could keep rising, but growth remains tepid.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. Inflation data this week confirmed that Social Security beneficiaries are going to get a very small increase this year. I'm here with Bob Johnson, our director of economic analysis, to look at that inflation data and what it can mean.

Bob, thanks for joining me.