Fred Smith comments on CNBC
I watched our illustrious leader earlier this week, and here's what he had to say.
He says the economy is in a boom. He said 3 or 4 times how optimistic he is about the U.S. and World economies, despite the spike in oil prices. Speaking of oil, he said that FedEx is adjusting its fuel surcharges month to month. It stands right now at 13.5 percent on overnight packages.
The only negative sentiments he raised were that there are now hints of inflation, and that oil could still go higher. On that, however, he said "but markets work." Meaning more costly oil drives demand down, and a push towards alternative energies.