https://www.zerohedge.com/news/2018-11-14/growth-slows-down-fed-will-be-last-know
Volckler tightening had to deal with stagflation, too. But this time around, the Fed gets to deal with dedollarization along with massive deficit spending that's only going to get worse, chasing away anyone that would even consider touching this debt. That along with fiscal policy that's only going to add fuel to the fire because the libtards are back in the House of Representatives.
Fed isn't left with much of a choice.