David Rubenstein | Many overreacted to the Fed's rate hikes, Says Canyon Partners' Friedman @DavidRubenstein | Uploaded July 2024 | Updated October 2024, 3 hours ago.
Canyon Partners Co-CEO, Co-Founder, and Co-Chairman Josh Friedman says interest rates are unlikley to come down until after the election. In an excerpt of "Bloomberg Wealth with David Rubenstein," Friedman says in retrospect, the US economy was strong enough to handle higher short-term rates, and that many people overreacted. This interview was recorded May 28 in New York.
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