Carlyle CEO Harvey Schwartz Says the Fed Is Unlikely to Raise Rates Repeatedly

According to Wallstreetcn, Carlyle Group CEO Harvey Schwartz said the Federal Reserve is unlikely to raise rates repeatedly even though markets appear to have priced in rate-hike expectations, and he said U.S. economic data remain strong despite conflicts in Europe and Iran and persistent inflation. Schwartz said on Tuesday that the Federal Reserve is expected to keep watching economic data, adding that markets clearly expect rate hikes but it does not feel like the economy is entering a rate-hike cycle or a sharp rate-cut cycle.