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David Rubenstein, Billionaire Investor Who Hired Jay Powell, On What Makes A Great Investor
Forward Guidance
What Do You Think About the Fed's Fight With Inflation?
I don't expect interest rates will be lowered probably until the latter part of this year. I suspect you'll see a very modest increase in the next six months relative to what people once feared. The Federal Reserve by its own admission made a mistake. They thought that the inflation rate when it was high was transitory, maybe because of COVID or supply chain interruptions. It turned out to be not quite as transitory as they thought and therefore they began to increase interest rates.
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