Ralph Schlosstein on Fed Rates, Harris Vs. Trump, M&A Activity
Ralph Schlosstein, chairman emeritus at Evercore, discusses his views on markets, the US economy and the prospects for either a Kamala Harris or a Donald Trump presidency. Speaking on Bloomberg Television, the BlackRock co-founder echoed recent optimism from Barclays and Morgan Stanley that more M&A deals are on the cards even though any economic uncertainty could still affect transactions. He also said he hopes the Federal Reserve will cut interest rates by 50 basis points next week, more aggressive than the anticipated 25 basis points.
00:00:00 Fed should cut rates by 50bps; housing market; small businesses
00:04:15 US election; "significant economic uncertainty"; threat of tariffs
00:07:28 Sees pent-up activity in M&A dealmaking despite economic risks
00:09:27 Analysis of Kamala Harris vs. Donald Trump economic policies
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