Steve Forbes, chairman and editor-in-chief of Forbes magazine, told Fox Business Network that President Joe Biden will get blowback for his “happy talk” on inflation, while insisting America is in a recession even if the downturn isn’t yet official and blasting the Federal Reserve for hiking interest rates too aggressively and “making people poorer.”
Program host Stuart Varney kicked off the segment by expressing reservation about Biden’s remarks in an interview on CBS' “60 Minutes” in which the president said that the monthly inflation rate was so low as to be basically negligible and that price pressure would continue to ease going forward.
