Dorsey says, the economic situation in the United States is deteriorating

Twitter co-founder Jack Dorsey predicts that the economic situation in the United States will continue to deteriorate rapidly. According to him, the rising inflation that the USA is facing is already slowly turning into hyperinflation. Inflation after the covid pandemic bothers many countries, and the United States is no exception. Consumer prices in the United States are climbing to their 30-year high, and according to some responses, the situation is even worse than US politicians originally estimated. One of those who predicts that the situation in the USA will not be completely rosy in the coming months is Dorsey, according to whom the United States is already balancing on the brink of hyperinflation. "Hyperinflation will change everything and it's slowly starting to happen," Dorsey said on his Twitter account on Friday. "It will happen both in the USA and in the world," the current director of Twitter and Square added in the comments. The Federal Reserve (Fed) also acknowledges inflation problems in America. Already at the end of last week, the chairman of the Fed's Board of Governors, Jerome Powell, said that inflation would probably threaten the USA in the coming months, its duration will be longer than originally expected and it will most likely continue next year. However, according to CNBC, the head of the Fed hopes that the Fed will at least soon be able to exclude extraordinary measures to help the US economy after the coronavirus pandemic, which according to some critics has significantly contributed to inflationary growth. However, unlike Dorsey, investors, analysts and other billionaires refer to this period as an era of rapidly rising inflation, rather than a hyperinflation.