I would say it began lightly during the Biden Administration but got much worse because of Tariffs under Trump. Tariffs are basically a no win policy for anyone. Herbert Hoover last found this out when he triggered the Great Depression starting with total collapse of the stock market in 1929.
Since Trump shows no signs of self reflection in regard to destroying the U.S. economy this likely will get worse and worse while he is president. So, think of what happened in the 1930s happening again with Trump. Both Herbert Hoover and Trump are very full of themselves and not self aware at all.
What is the solution to this? A beginning would be changing to a more economically responsible president of either party.
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Stagflation is a difficult economic condition characterized by three simultaneous problems: stagnant economic growth (slow or no GDP growth), high inflation (rising prices), and high unemployment, which reduces people's purchasing power and makes policy solutions challenging, as actions to fight inflation can worsen unemployment, and vice versa. The term combines "stagnation" and "inflation" and was famously seen in the U.S. during the 1970s, triggered by supply shocks like the OPEC oil crisis.
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