Billionaire investor Barry Sternlicht slammed the Federal Reserve's heavy-handed interest-rate hikes Thursday.Barry Sternlicht warned Thursday that a sharp economic downturn is coming in the US.
The billionaire investor also slammed the Federal Reserve's heavy-handed approach to interest-rate hikes. Jerome Powell"is using a steamroller to get the price of milk down two cents, to kill a small fly," Sternlicht said. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
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Starwood Capital’s Barry Sternlicht sees the economy having a hard landing due to Fed rate hikesStarwood Capital CEO Barry Sternlicht said the U.S. is headed for a recession because the Federal Reserve has been hiking interest rates too aggressively. Recessions are a normal part of a capitalistic economy. His debt gonna be more expensive. Hello cnbc, I am a devotedfan and turn you on first thing in the morning. You made a recent change by putting Sarah as morning anchor. Can you please teach her to soften her bolstering voice and look at the camera more often instead of her cohosts? We miss the elegance Becky has.
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