Former Walmart CEO Bill Simon argues getting inflation under control in 2023 is ‘critical.’
In a recent interview with Fox Business News, former Walmart CEO, Bill Simon, warned of the consequences of uncontrolled inflation. He stated that the current inflationary trend is a result of increased money supply and a decrease in supply chain efficiency. Simon warned that if inflation is not brought under control soon, the country could be headed towards a “world of hurt.”
He emphasized the need for monetary and fiscal policies that support stable prices and growth. Simon stated that if inflation is not tackled, it could lead to a decline in the standard of living and decreased purchasing power for consumers. This, in turn, could lead to a decrease in consumer spending, causing a decline in economic growth.
Simon also stressed the importance of a stable economy for business growth and job creation. He stated that high levels of inflation could lead to increased uncertainty, which could cause businesses to reduce investment and slow down hiring.
In conclusion, Bill Simon’s video highlights the growing concern over inflation and the need for immediate action. He warns of the dire consequences of uncontrolled inflation, and the importance of implementing policies that support stable prices and economic growth.
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
