"am not sure who to believe among the economist as the data is showing both recessionary or strong economic growth in US based on those traditional key economic indicators of jobs, gdp, cpi, inflation, bond yields, etc."
Stagflation requires people to enspect inflation because that is what they have been experiencing. And no matter what goldbugs say that has not been the case for a long, long time.
The data cannot show both. In my opinion the problem that the Fed is facing is to know if it is acting too late or too soon or just right.
