> Not everything is sunshine and flowers but we shouldn’t throw around terms when they don’t apply.

It seems to apply, despite your dismissal. Inflation is an ongoing and pressing concern, as stated by the Federal Reserve. The tightening of monetary policy has contributed to unemployment. GDP is irrelevant, as stagflation is a paradox, not a goalpost.

https://en.wikipedia.org/wiki/Stagflation

To whit:

> In economic theory, there are two main explanations for stagflation: supply shocks, such as a sharp increase in oil prices, and misguided government policies that hinder industrial output while expanding the money supply too rapidly.