Carlyle CEO says the FOMC will hike rates one more time this year

David Rubenstein is CEO and co-founder of the Carlyle Group, a US-based private equity, alternative asset management and financial services firm (Federal Reserve Chair Powell was an employee at the firm).

  • Says the FOMC will do one more interest rate hike this year
  • says difficult to get top the 2% inflation target
  • US economy has good prospect to not drop into recession
  • Also says China’s economy will avoid recession

Was interviewed by CNBC.

This article was written by Eamonn Sheridan at Source