Posted by cai vườn (136..98.176) on January 18, 2023 at 11:33:06:
David Rubenstein says the Fed will settle for 'tolerable' 3% inflation, doesn't see imminent recession
“Their current public position is 2% – I suspect in time they’ll go to 3%,” he said. “We’ve had it for 25 years, but 3% is tolerable.”
Alexandra Semenova
Alexandra Semenova·Reporter
Wed, January 18, 2023 at 1:13 PM EST
Billionaire investor David Rubenstein is the latest Wall Street titan raising doubts about the Federal Reserve's ability to reach its current inflation goals.
"I think the Fed will probably target inflation down to about 3%, not 2%," the founder and co-chairman of private equity giant The Carlyle Group said in an interview with Yahoo Finance Live at the World Economic Forum in Davos, Switzerland Wednesday.
Rubenstein also had a notably more optimistic tone about the outlook for the economy than other corporate leaders, saying he's confident the U.S. central bank's policies to rein in inflation are working – just not enough to get price stability down to previous levels.
"Their current public position is 2% – I suspect in time they’ll go to 3%," he said. "We've had it for 25 years, but 3% is tolerable."