Supermarket chain CEO says high inflation will lead to U.S. recession – Xinhua English.news.cn

Summary

【CEO of U.S. supermarket chain says high inflation will lead to U.S. recession】According to Fox News on May 13, John Kazimadidis, CEO of New York supermarket chain Gristides, expressed his concern about the continued U.S. recession. High inflation warns. He said the U.S. would return to a 1981-era recession if the Fed kept raising rates, noting the government needed to change its traditional way of looking at inflation and raising interest rates.

According to a report by the US Fox News Network on May 13, John Kazimadidis, the CEO of the New York supermarket chain Gristides, expressed his concern about the ongoing epidemic in the United States.QualcommSwell warns.He said that if the Fed continues to raise interest rates, the United States will return to the 1981 recession, and pointed out that the government needs to change the way it views inflation and raises interest rates.interest ratetraditional way.

According to the data released by the U.S. Bureau of Labor Statistics, the U.S. consumer price index in April rose by 0.4% month-on-month and 4.9% year-on-year. The year-on-year inflation level is still far higher than the Fed’s 2% inflation target.

(Article source: CCTV news client)

Article source: CCTV news client
Responsible editor: 98

Supermarket chain CEO says high inflation will lead to U.S. recession