Carlyle CEO Expects 3 Fed Rate Cuts This Year, 3-4 Over Next Year

Harvey Schwartz, CEO of The Carlyle Group, anticipates the Federal Reserve will lower interest rates three times before the end of this year and three to four times over the next year. Schwartz emphasized that the most important aspect is that monetary policy has been effective, leading to a reduction in inflation. He noted that the Federal Reserve has managed complex circumstances well. Jason Thomas, Carlyle Group’s head of global research and investment strategy, also expects two more rate cuts but cautioned that price pressures might re-emerge afterward. Schwartz mentioned the vibrancy of data across their portfolio as a basis for these expectations.