Barry Sternlicht: “The economy is braking hard” 9/15/22

In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht warns that the economy is slowing, and considers what August’s hot inflation data could mean for the Federal Reserve’s next rate hike decision. The real estate mogul and investor discusses the current labor market, including wage pressures on the economy and the corporate push to return to in-person offices. Plus, in an eleventh hour deal, the Biden administration negotiated a stop to the planned railroad strike. 

 

In this episode:

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer: @Kramer_Katie