Barry Sternlicht warns the economy is facing a sharp slump as the Fed uses 'a steamroller to get the price of milk down 2 cents'
Billionaire investor Barry Sternlicht slammed the Federal Reserve's heavy-handed interest-rate hikes Thursday.Barry Sternlicht warned Thursday that a sharp economic downturn is coming in the US.
The billionaire investor also slammed the Federal Reserve's heavy-handed approach to interest-rate hikes. Jerome Powell"is using a steamroller to get the price of milk down two cents, to kill a small fly," Sternlicht said. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
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