Business

Walmart’s Bill Simon Says Inflation Having ‘Much Bigger Impact’ on Households Than Looming Recession

Walmart’s Bill Simon Says Inflation Having ‘Much Bigger Impact’ on Households Than Looming Recession
Bill Simon, then-president and CEO of Walmart, speaks at an event in Chicago, Ill., on June 14, 2013. Scott Olson/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

As analysts ponder whether inflation in the United States has turned a corner following the latest data, a former Walmart U.S. chief executive says that inflationary pressures are here to stay longer and will hurt American households more than the looming recession.

Former Walmart U.S. CEO Bill Simon told Fox News in a recent interview that inflation is a bigger risk to U.S. wallets that the impending economic downturn.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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