Home Depot Co-Founder Ken Langone Demands FED To ‘Resign Now’

  • “They’ve blown this from the very beginning,” Home Depot co-founder Ken Langone said on “Cavuto: Coast to Coast” Wednesday. “We’re now dealing with the price we’ve got to pay for free money, and it’s going to be painful and it’s not going to be easy.”
  • Langone’s comments come just hours before the Federal Reserve is expected to deliver its next rate hike decision. The billionaire businessman ripped into the Fed’s inflation response, and called for the entire board to recuse themselves from office.
  • “We’re just talking about spending money, that’s all we’re doing. We’ve already got a serious inflation problem, and you’re going to put more gasoline on the fire,” Langone told host Neil Cavuto. “I think this Federal Reserve Board should all resign right now.”