The Ken Langone company is evaluating the state of the American economy and addressing the current political scene during an exclusive interview about a “special report”.
Kane Langon, one of the founders of the Home Depot who declared himself, has canceled the warning of American markets and economics due to one “frightening” index.
“I really think, I hope that Washington will hear this, that we must realize the importance of our situation in the global economy and global markets, because if we dismantle it, we are in a problem,” Langon told Fox News ‘Bret’ Baier. On “Special Report” Tuesday.
“Look at the amount of debt we raise every year.” “What is today? Thirty -six, thirty -seven (trillion dollars), a trillion per year on its own. This is frightening.”
The stocks rose to the top on Wednesday, when investors are waiting for the last interest decision from the interest rate in the federal reserve.
It was the average Dow Jones industrial More than 20 pointsOr 0.07 %, while the S&P 500 and NASDAQ compound increased by 0.1 % and 0.2 %, respectively.
The Federal Reserve will announce its latest decision on lower interest rates on Wednesday. The Central Bank and President Jerome Powell faced increasing political pressure from the Trump administration to the low stimulation rates.
Langon argued against Any price cuts Nowadays.
Senator Ron Johnson, R.
“Don’t forget, we have now got this Iranian thing to communicate with the customs tariff. I mean, ascend and below the list. I think that people should see a lot, they go to the side lines. I think people are getting more careful. The facts and numbers that have appeared today indicate that things are slowing down,” Langon warned while referring to the sales of the weak month.
The Federal Reserve is widely expected to leave interest rates unchanged this week, making it four consecutive meetings in which the central bank has left prices unchanged. The standard federal funds have been targeted from 4.25 % to 4.5 % since the last interest rate of the Federal Reserve in December was reduced.
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Jim Grant, a Grant’s interest rate editor, is discussing the obstacles facing the federal reserve after reducing the 50 -year -old points on “earning money”.
“Four weeks ago, we could not float a 20 -year -old bond. They were not biased. This is a dangerous sign. This is the beginning,” said the founder of Home Depot. “This should make us say,” hey, wait a moment. “When our debt safety is subject to the question, the next thing is your currency.”
“Now, I do not suggest that we need to wander with a cup of tin, because we do not do that,” Langon pointed out. “But I think it is time to get some balance here.”
Fox employees contributed to this report.
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