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Closing Bell Overtime: Billionaire Investor Leon Cooperman on the Markets 1/5/23

Closing Bell

00:00

Is the Fed Putting Us Into a Recession?

I think this whole problem was largely fostered by the head of the Fed. He didn't bother pointing out that interest rates made no sense. And that led to very foolish behavior. So I believe it to the Fed but I would say that the inflation rate has come down quite dramatically. It's probably running right now you know three to four percent. If the Fed is willing to accept that inflation rate then I would guess that they're finished tightening and then well. But I don't know that that's the case.

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