Carlyle Group co-founder David Rubenstein: Interest rates will ‘continue to go up for a while’

The differing views on the outlook for Fed policy continue to pile up.

Investors can now add another prominent name to the mix: Carlyle Group co-founder and always well-connected David Rubenstein.

“On the whole, I would say interest rates are going to continue to go up for a while,” Rubenstein said in a lengthy interview with Yahoo Finance Live (video above). “I don’t really know, but I suspect in May when the FOMC meets, they will have another 25 basis point increase. The markets would suggest that would be enough for the rest of the year. But you never know if inflation rears its head again, maybe in the fall they will have another rate increase.”

In late March, the Federal Reserve lifted interest rates by a quarter-point to a range of 4.75% to 5%. The hike marked the ninth consecutive FOMC meeting in which rates were increased and came despite the banking turmoil that unfolded in March, arguably because of rising rates.

What’s more, the Fed forecasted raising interest…

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