M&T Bank CEO: We’re going to see robust recovery due to stimulus

CNBC Television published this video item, entitled “M&T Bank CEO: We’re going to see robust recovery due to stimulus” – below is their description.

M&T Bank has outperformed the broader market this year, rallying by 19 percent compared to just 11 percent for the S&P 500. M&T Bank CEO Rene Jones joins ‘Closing Bell’ to discuss whether the strong economic recovery will outweigh the risks of higher inflation.

CNBC Television YouTube Channel

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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