Carlyle Group co-founder David Rubenstein argued Monday that if the Federal Reserve wants to raise interest rates by 100 basis points, they would indicate they know inflation is much worse than people think, by saying “Cavuto: Coast to Coast telling them they would further “suppress” the markets.
DAVID RUBENSTEIN: Paul Volcker and the Fed raised rates 200 basis points in one weekend, and they didn’t telegraph it, and they didn’t explain it. Now the world is different. She [Fed] telegraph exactly what they are going to do and then explain. The Fed telegraphed 75 basis points.
ART LAFFER CALLS ON THE FED TO INCREASE PRICE ‘AS FAST AS IT CAN’ IN A ‘GORGEOUS SITUATION’
If they went to 100 basis points, I think it would be shocking for the market. I know a percentage of people in the market, 14% or so, think it could be 100 basis points, but I think they wouldn’t want to shock the market that way, so if they did 100 basis points, I think that she would have telegraphed it long ago.
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