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  • Consumers could be in a 'world of hurt' if Biden doesn't act soon, former Walmart CEO warns

    01/29/2023 1:36:51 PM PST · by CFW · 147 replies
    FoxBusiness ^ | 1/29/23 | Kayla Bailey
    On Sunday, former Walmart CEO Bill Simon joined "Fox & Friends Weekend" to warn Americans of the detrimental impact corporate layoffs could have on the U.S.'s feeble economy. "It's crazy right now. We're stuck in this loop of, wage inflation, product inflation, and cost inflation. And it's just that cycle keeps going. And I think, unfortunately, an inevitable byproduct of some of the Fed's moves and as the necessary medicine we have to take to kind of cool things down and get the inflation back under control on some of these layoffs that are coming," Simon explained to co-host Will...