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Blackstones Steve Schwarzman Speaks On Coronavirus Fedrate Cut India Slowdown And More

BloombergQuint spoke with Stephen A Schwarzman about leadership, the journey in building Blackstone Group and the global economy and his thoughts on India.

Schwarzman, who is also the chief executive officer and chairman of the firm, called the U.S. Federal Reserve’s move to cut rate “a bit of a failed experiment”. What’s hurting the global economy right now is not rates, but more and more people choosing to stay indoors in fear of contracting the coronavirus, he said.

Source: BloombergQuint