Fed Chairman Jerome Powell Warns Trump's Tariffs Could Cause Stagflation: 3 Stocks to Buy and Hold if He's Right

Group 1: Economic Context - Fed Chairman Jerome Powell warns that unemployment and inflation are likely to rise due to economic slowdown and tariffs, indicating potential stagflation [2] - Trump's tariffs could lead to a combination of slowing economic growth and increasing inflation, raising concerns for investors [2] Group 2: Investment Opportunities - Dominion Energy is highlighted as a strong investment during stagflation due to its essential service of electricity, with a forward dividend yield of 5.13% and expected EPS growth of 5% to 7% annually [3][6] - Kroger is positioned to benefit from consistent consumer demand for groceries, with its share price rising amid market turbulence, and it has less exposure to international tariffs compared to peers [7][8][9] - Vertex Pharmaceuticals is noted for its unique position in the market with approved medications for cystic fibrosis and a new pain medication, suggesting resilience in its share price despite economic challenges [11][13][14]