Lazard CEO Predicts Unexpected Inflation Rise and Economic Growth Factors

Lazard CEO Peter Orszag expressed concerns at the 'Wall Street Journal Invest Live' event regarding the Federal Reserve's decision to lower interest rates late last year. According to ChainCatcher, Orszag anticipates that inflation could rise unexpectedly this year. He highlighted the potential impact of artificial intelligence and high-income consumers on boosting U.S. economic growth. Orszag believes the Federal Reserve may be lagging behind current economic conditions, suggesting that rate cuts could lead to a depreciation of the dollar and a steepening of the yield curve.