Oaktree Capital Management LP co-founder Howard Marks says interest rates don’t need to go much lower than they are now. “I believe that the Fed should be passive most of the time and only come to the rescue if the economy is seriously overheated and tending toward hyperinflation or seriously underactive and not creating jobs,” Marks said on Bloomberg Surveillance. “I don’t think that’s the case right now.”
Marks also says he’s worried about how artificial intelligence will impact society and the jobs market.
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