IBM Vice Chairman Says Consumers Are ‘Under Enormous Pressure,’ Warns Of Economic ‘Softness’

International Business Machines (IBM) Corporation Vice Chairman Gary Cohn warned Sunday on CBS that consumers already facing “enormous pressure” financially may be disadvantaged by looming “softness” in the economy.

Within the last year U.S. voters have vocalized their concerns over the economy and inflation, making the two issues a top priority when it comes to voting this November. While President Joe Biden and Vice President Kamala Harris have defended their administration’s economic record, Cohn stated that following the COVID-19 lockdowns consumers expected the economy to “stay strong.”