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Powell dismissed stagflation. Will Biden ever get credit?

Julie Hyman and Josh Lipton

Stagflation concerns have been looming in markets, but Federal Reserve Chair Jerome Powell brushed them aside during his latest press conference. In the face of a weaker-than-expected jobs report and persistent inflation worries, Yahoo Finance's Rick Newman analyzes what this means for President Joe Biden's administration.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance.

This post was written by Angel Smith