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%.
Continue reading…
CONTINUE READING ON FOX NEWS
DONATE TO AMERICAN WIRE
If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to American Wire News to help us fight them.
- TIPP Insights-Expanding NATO to ensure peace - June 29, 2022
- Oregon could get its first Republican governor in decades - June 29, 2022
- Biden’s HHS debates setting up abortion clinics on Federal property - June 29, 2022
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.