Billionaire Catsimatidis warns the Fed will 'destroy' the US if they keep raising rates
John Catsimatidis warns the Fed will ‘destroy’ the US if they keep raising rates
The Red Apple Group chairman and CEO argues the ‘recession started’ when the Biden administration attacked the fossil fuel industry.
John Catsimatidis, Red Apple Group Chairman and CEO, joined "Varney & Co." Tuesday to discuss the destructive impact the Fed will have on the U.S. economy if they keep raising interest rates, arguing the country is going into a "vicious cycle."
JOHN CATSIMATIDIS: …We're going into a vicious circle, Stuart. This recession doesn't have to happen. It all started when we attacked the fossil fuel industry, when President Biden became president. And we went downhill from there.
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