International economic expert Blanchard published a significant viewpoint on April 18, warning that the U.S. economy is facing a 65% risk of stagflation. This scholar, who has held key positions at the Federal Reserve and the Bank of England, pointed out that regardless of whether a technical recession occurs, persistent inflationary pressures will remain. He particularly criticized the Federal Reserve for excessively cutting interest rates while inflation remains high, stating that if prices rise again in the future, the central bank may be forced to implement aggressive rate hikes, which will exacerbate economic volatility. Blanchard emphasized that once a stagflation pattern forms, it may take years to repair the economic damage.

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