3min chapter

Forward Guidance cover image

David Rubenstein, Billionaire Investor Who Hired Jay Powell, On What Makes A Great Investor

Forward Guidance

CHAPTER

Is There a Recession Coming?

David Frum: This is probably the most predicted recession I've ever seen. People have been predicting it for a year and people will say, "I told you so" He says he believes that the recession is not 100% certain to happen because the Fed is probably going to modulate their rate increases. Frum: A little bit over 5% is probably where the Fed will probably take it at the peak of its hiking program.

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