By Fox News Staff, Fox News
Home Depot co-founder Ken Langone predicted the United States will face a recession and called President Biden worse than former President Jimmy Carter on “Your World with Neil Cavuto” Tuesday.
KEN LANGONE: We’ve got to get rates well above the inflation rate if you want to snap inflation, just like Paul Volcker did in 1980 and ’81. … This was not transitory, this was a real serious case of inflation. We lost a whole year on addressing the issue. Only because, frankly, we have leadership today in America that isn’t willing to admit when they’re wrong. They made a terrible blunder here, and now the price has got to be paid. If you want to get inflation back, if you want a benchmark, you’re going to probably need interest higher than 8.5%.Â
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