Home Depot Founder Warns of Biden's Inflation and Policies Crushing Customers
Originally Published 2 years ago — by Fox Business
Home Depot co-founder Bernie Marcus criticized President Biden's economic policies, blaming them for exacerbating inflation and hurting American consumers, including Home Depot customers. Marcus expressed concern over rising prices for food, energy, rent, and insurance, stating that the middle class and poor are being severely impacted. While inflation has decreased from its peak, it remains above the Federal Reserve's target rate. Marcus also criticized Biden's decision to cut back drilling, which he believes contributed to the inflation problem. The Federal Reserve's Open Market Committee chose to keep interest rates unchanged but left the door open for a potential rate hike due to concerns about elevated inflation.