In a Wednesday interview with Newsmax, Steve Forbes, editor in chief of Forbes, expressed concerns about the economic outlook for the coming year.

Forbes cautioned that the Federal Reserve’s belief that prosperity causes inflation poses a potential risk. He drew parallels with the uncertainties of the 1970s, emphasizing the impact of market instability and an underperforming economy.

Speaking on “Rob Schmitt Tonight,” Forbes likened the economic situation to turbulence on an airplane, advising individuals to “fasten their seat belts” for a potentially “choppy” ride. Forbes acknowledged that economic trajectories are rarely linear and echoed economist Peter Schiff’s sentiment. He predicted variations across sectors, with some performing well and others lagging.

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