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CEOs Can’t Fight The Fed, But You Can Do These Things To Weather The Coming Storm

Chief Executive

Federal Reserve Chairman Jerome Powell’s read-my-lips, we’re-not-fooling press conference should confirm for everyone that they’ll do what it takes—including engineer a recession—to bring inflation down. If your costs are likely to increase by 20% or more over the next three years, have a multi-pronged approach and take bold actions.

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Exclusive: Jim Collins on ‘Thriving In Chaos’

Chief Executive

They didn’t do well in that environment, and the engine blocks cracked. You see people who maintain highly conservative balance sheets and enormously prudent financial positions. And if we do that, we can’t help but grow revenues per fixed cost. So they ended up man-hauling sleds across the plateau.