Index – Economy – The first person on Twitter says everything will change and we won’t be very happy about it

Twitter co-founder and CEO Jack Dorsey fears escalating inflation, a significant deterioration in the current situation, CNBC reported. “Hyperinflation will change everything,” he said on Twitter.

Consumer price inflation is at a nearly thirty-year high in the United States, and it is worrying that the situation could be worse than policymakers ’preliminary expectations. On Friday, US Federal Reserve Chairman Jerome Powell acknowledged that inflationary pressures “seemed longer” than previously expected, but added he expects the central bank to soon begin reversing the extraordinary measures it has previously taken to help the economy. critics say they started inflation.

In response to comments on his post, Twitter and Square CEO Jack Dorsey also said the rest of the world, like the United States, will be affected by hyperinflation.

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