David Rubenstein, co-founder of Carlyle Group, stated in a CNBC interview that the Federal Reserve is unlikely to cut interest rates before the upcoming November election. Rubenstein suggested that the Fed's decision is influenced by a desire to maintain solid Fed independence from political pressures, particularly from President Trump.
Federal Reserve unlikely to cut interest rates before November's election, cautions Carlyle Group Co-Founder David Rubenstein https://t.co/GNqmHO1bTx
The Fed may not be slowing the economy much after all—but rates may not go that low when it's time to cut. https://t.co/z5WTtXZhrf
.@OneCarlyle Co-Founder @DM_Rubenstein on the Fed (he doesn't see a cut before the election) and the U.S. economy (he grades it a B+) https://t.co/Pxid801ACL
Don’t expect rate cuts from the Federal Reserve before the November election, says David Rubenstein. https://t.co/QlhyRv0Kt4 https://t.co/AeW7PlVARr
David Rubenstein says Fed not likely to cut rates before the election https://t.co/C4zDNcqtXq
Private equity billionaire David Rubenstein is on CNBC just now saying that the Fed isn't cutting rates because they are afraid of Trump. Some solid Fed independence there.
DAVID RUBENSTEIN SAYS FED IS NOT LIKELY TO CUT RATES BEFORE THE ELCTIONS – CNBC INTERVIEW