Impossible to bring down inflation without creating recession: Former Toys ‘R’ Us CEO
Storch Advisors CEO and former Toys ‘R’ Us CEO Gerald Storch argues that history shows it’s ‘impossible’ to bring down inflation without creating an economic pullback or a ‘full recession.’
FIRST ON FOX: A Texas Republican lawmaker is predicting the U.S. is heading into a recession as President Biden says he’s not concerned about a major economic slowdown.
Texas Rep. Troy Nehls, a Republican, warned that America is likely headed into an economic recession as the latest GDP numbers showed a 1.4% contraction.
Biden said Thursday after the new numbers dropped that he was "not concerned" about a recession after the economy shrunk in the first quarter of 2022.
BIDEN ‘NOT CONCERNED’ ABOUT RECESSION AFTER US ECONOMY SHRINKS IN FIRST QUARTER OF 2022