News Snapshot:
Twitter CEO Jack Dorsey arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Twitter co-founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse. “Hyperinflation is going to change everything,” Dorsey tweeted Friday night. “It’s happening.” The tweet comes with consumer price inflation running near a 30-year high in the U.S. and growing concern that the problem could be worse that policymakers have anticipated. On Friday, Federal Reserve Chairman Jerome Powell acknowledged that inflation pressures “are likely to last longer than previously expected,”...
