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Twitter Chief Executive Officer Jack Dorsey issued a warning about the economy over the weekend as Treasury Secretary Janet Yellen on Oct. 24 said the United States isnât losing control of inflation.
âHyperinflation is going to change everything. Itâs happening,â Dorsey wrote on Twitter. âIt will happen in the U.S. soon, and so the world.â
During an interview on Oct. 24 with CNN, Yellen said inflation levels would return to normal by the second half of next year. She made the remarks in the context of promoting President Joe Bidenâs domestic infrastructure and social spending packages worth trillions of dollars combined, saying the two programs would be implemented over 10 years.