Former White House official and co-founder of Skybridge Capital, Anthony Scaramucci, is sounding the alarm on the U.S. economy, warning that rising tariffs and an energy shock are pushing the nation toward a painful era of stagflation not seen since the 1970s.
The Threat Of Stagflation
In a stark video address, Scaramucci cautioned that a convergence of negative economic forces is creating an unsustainable environment for working families. He pointed to what he calls a “vicious circle of recession expectations,” driving consumers to save rather than spend out of fear of future financial pain.
“Prices are up on everything, and it’s coming from three directions at once,” Scaramucci stated. He noted that even Federal Reserve appointees selected by Donald Trump are currently aligning with Fed Chair Jerome Powell‘s grim assessment of the data.
“They looked at the economic data and they are saying the same thing Powell is saying: We are heading for stagflation,” he said, defining the troubling condition as high inflation occurring simultaneously with rising unemployment.
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