Sen. Casey Accuses Retail Giants of 'Greedflation'
Pennsylvania Sen. Bob Casey has accused Amazon, Target, and Walmart of "greedflation," suggesting their pricing strategies since the pandemic have excessively boosted profits at the expense of consumers. Casey claims these companies' profits have surged significantly, contributing to higher costs for families. He has called for accountability and transparency in their pricing decisions, questioning if they engaged in price gouging. The companies have yet to respond, and economists remain divided on the root causes of recent price increases.
