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CEO of grocery chain says Biden can prevent recession

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Gristedes Foods as well as Red Apple Group CEO John Catsimatidis suggests America will undergo an economic crisis if rates of interest are increased 'high enough.' #foxbusiness

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CEO of grocery chain says Biden can prevent recession

Gristedes Foods and Red Apple Group CEO John Catsimatidis argues America will go through a recession if interest rates are raised ‘high enough.’ #foxbusiness

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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