{"id":10410,"date":"2023-11-07T02:51:14","date_gmt":"2023-11-06T21:21:14","guid":{"rendered":"https:\/\/farratanews.online\/home-depot-co-founder-my-customers-are-getting-killed-by-bidens-inflation\/"},"modified":"2023-11-07T02:51:14","modified_gmt":"2023-11-06T21:21:14","slug":"home-depot-co-founder-my-customers-are-getting-killed-by-bidens-inflation","status":"publish","type":"post","link":"https:\/\/farratanews.online\/home-depot-co-founder-my-customers-are-getting-killed-by-bidens-inflation\/","title":{"rendered":"Home Depot co-founder: My customers are \u2018getting killed\u2019 by Biden\u2019s inflation"},"content":{"rendered":"

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FOX Business senior correspondent Charlie Gasparino recaps his interview with Home Depot co-founder Bernie Marcus as they discussed everything from inflation to the rise of antisemitism in the U.S. on “The Claman Countdown.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Home Depot co-founder Bernie Marcus<\/u> says he’s worried that President Biden\u2019s economic policies that helped fuel inflation are crushing the household budgets of American consumers and Home Depot customers.<\/p>\n

Marcus, who co-founded Home Depot in 1978, spoke with FOX Business senior correspondent Charlie Gasparino for a wide-ranging interview in which he blasted Biden\u2019s economic policies for exacerbating the rise in prices that face consumers. Year-over-year inflation<\/u> hit a 40-year high of 9.1% in June 2022 amid an influx of federal spending as well as supply chain issues. While inflation has declined to 3.7% as of September, it remains nearly double the Federal Reserve\u2019s target rate of 2%.<\/p>\n

“I never anticipated anything like what we\u2019re going through,” Marcus said of Biden. “I wake up every morning and I say, \u2018What is this dunce going to do today?\u2019”<\/p>\n

“He cut back drilling, he caused the inflation, the inflation caused every other problem for every businessman, for every American,” Marcus said. “And the people that he\u2019s supposed to represent \u2013 the poor people, the middle class \u2013 they\u2019re getting killed today.”\u00a0\u00a0<\/p>\n

FED\u2019S FIGHT AGAINST INFLATION IS WEIGHING ON MIDDLE-CLASS AMERICANS<\/u><\/strong><\/p>\n

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Home Depot co-founder Bernie Marcus says the inflation caused in part by President Biden’s policies is hurting American consumers.<\/span> (Fox News \/ Fox News)<\/span><\/p>\n<\/div>\n<\/div>\n

He went on to say that inflation is hitting the finances of Home Depot<\/u> customers as they confront higher prices for food, energy, rent, insurance and more.<\/p>\n

“I\u2019ll tell you something. I have never forgotten the fact that I was a small businessman, and Home Depot customers \u2013 I have them in mind \u2013 they\u2019re getting killed,” Marcus said.<\/p>\n

“They\u2019re getting killed. They can\u2019t afford to fill their cars with gas. They can\u2019t afford to put a good meal on the table for their families. They can\u2019t afford their rent. They can\u2019t afford their insurance. Every freaking thing that there is, is up. And even when we see it drop a little bit, it drops on top of this number,” Marcus said.<\/p>\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
HD<\/td>\nTHE HOME DEPOT INC.<\/td>\n294.57<\/td>\n-0.98<\/td>\n-0.33%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

FED LEAVES INTEREST RATES UNCHANGED AGAIN DESPITE STILL-HIGH INFLATION<\/u><\/strong><\/p>\n

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The Home Depot founders, from left, are Ken Langone, Bernie Marcus and Arthur Blank.<\/span> (Marcus Foundation \/ Fox News)<\/span><\/p>\n<\/div>\n<\/div>\n

The Federal Reserve\u2019s Open Market Committee<\/u> (FOMC) met last week and chose to keep the benchmark federal funds rate unchanged at a 22-year-high range of 5.25% to 5.5% while leaving the door open for an additional increase before the end of the year amid concerns that inflation “remains elevated.”<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

The Fed\u2019s policymakers approved 11 interest rate hikes in the last 16 months \u2013 the fastest pace of tightening since the 1980s as the central bank raised the federal funds rate from near zero to its current level as part of its drive to tamp down high inflation. Another FOMC meeting is scheduled for Dec. 12-13, which is when policymakers are to decide on another potential rate hike.<\/p>\n

Watch Home Depot co-founder Bernie Marcus’s full interview with FOX Business Network’s Charlie Gasparino below:<\/strong><\/i><\/p>\n

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Home Depot co-founder Bernie Marcus sits down with FOX Business senior correspondent Charlie Gasparino for a wide-ranging interview.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

FOX Business\u2019s Megan Henney contributed to this report.<\/i><\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"

[ad_1] FOX Business senior correspondent Charlie Gasparino recaps his interview with Home Depot co-founder Bernie Marcus as they discussed everything from inflation to the rise of antisemitism in the U.S. on “The Claman Countdown.” Home Depot co-founder Bernie Marcus says he’s worried that President Biden\u2019s economic policies that helped fuel inflation are crushing the household …<\/p>\n","protected":false},"author":1,"featured_media":10412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/10410"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=10410"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/10410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/10412"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=10410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=10410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=10410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}