Posted 11/7/2023, 8:46:18 PM
AT&T CEO: Economy Resilient Despite Inflation; Fed Has Limited Rate Options
- AT&T CEO John Stankey says the Fed has "done what they can do" on interest rates
- On inflation vs rates, Stankey states "inflation is more insidious than high rates"
- Stankey is surprised at the economy's resiliency through headwinds in 2023
- He sees no reason resiliency will change through the end of the year
- Stankey says the U.S. is positioned to deal with potential oil price jumps from Middle East conflict