The upcoming stagflation might be less severe than in the 1970s. So is the Fed’s reaction, which could mean good news for gold. Q1 2022 hedge fund letters, conferences and more I’ve explained it many times, but let me remind you that stagflation is a combination of economic stagnation and high inflation. This is why it’s a nightmare for central bankers as they should ease monetary policy to stimulate the economy and simultaneously tighten it to curb inflation. Although we haven’t fallen into recession yet, the pace of GDP growth has slowed down recently. According to the World Bank’s report Gl…