Uploaded April 2026 | Updated September 2026, 1 week ago

---

Wells Fargo Chairman & CEO Charlie Scharf says the independence of the Federal Reserve is "critically important" to the US financial system, even as presidents weigh in on policy. In this wide-ranging interview, Scharf discusses the state of US economy amid tensions with Iran, as well as the risks and opportunities in private credit and AI. Scharf is on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations."

Chapters:
00:01:13 - FED
00:03:23 - US ECONOMY IS STRONG
00:04:49 - INTEREST RATES
00:05:47 - USD
00:06:08 - US DEBT
00:06:34 - PRIVATE CREDIT
00:07:28 - ARTIFICIAL INTELLIGENCE
00:08:20 - REVOLUT
00:11:00 - ATM BUSINESS
00:11:39 - BACKGROUND
00:14:36 - JP MORGAN
00:20:35 - BIGGEST PROBLEM IN THE US?
00:21:11 - BANKS
--------
Like this video? Subscribe to The David Rubenstein Show on YouTube:
youtube.com/channel/UCqsN9MYiu1mKSAsYoF6ppTg

Watch the latest episodes of "The David Rubenstein Show: Peer-to-Peer Conversations" here:
bloomberg.com/peer-to-peer

Learn more about David:
davidrubenstein.com
Connect with us on...
Twitter: twitter.com/business
Facebook: facebook.com/bloombergbusiness
Instagram: instagram.com/bloombergbusiness