Fmr. Obama Treasury Counselor Rattner: 'There's a Substantial Risk' of Stagflation, 'Very Hard' to Combat Inflation and Not Hurt Growth

On Thursday's broadcast of MSNBC's "Morning Joe," MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, warned that there is "a substantial risk" of stagflation because it's "very hard to reduce inflation without reducing economic growth."