Fed Rate Hikes Face Hurdles to Curb Inflation Without Recession, THL's Sperling Warns
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Federal Reserve's ability to pull off soft landing and curb inflation without severe downturn will be "very, very difficult," says THL co-CEO Scott Sperling.
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Sperling warns against moving too quickly on rates, which could put US economy in "even worse situation."
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Sperling sees opportunities for investing, advises picking sectors with "very strong secular tailwinds."
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Sperling optimistic about innovation re-enabling growth, cites potential of AI and life sciences.
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Fed Chair Powell signals rates likely higher for longer, says not confident policy restrictive enough to curb inflation.