Ben Bernanke says inflation isn’t a problem. The CEO of Walmart begs to differ.
Walmart CEO Bill Simon says American consumers could face “serious” inflation in the coming months for clothing, food and other products.
“We saw it start to come in late last year — commodities, certainly cotton,” Simon told USA Today’s editorial board on Wednesday. “There’s a lot of the places showing up now in dairy, and we’re starting to see it come into things that are transportation-related, like paper.”
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