Peter Orszag: The Federal Reserve shouldn't have cut interest rates at the end of last year; the dollar may depreciate

ChainCatcher News reports that Lazard CEO Peter Orszag stated at the “Wall Street Journal Invest Live” event that the Federal Reserve perhaps shouldn’t have cut interest rates at the end of last year. He expects inflation to unexpectedly rise this year and pointed out that artificial intelligence and high-income consumers could boost U.S. economic growth. He believes the Federal Reserve is already behind the curve, and that rate cuts could lead to a depreciation of the dollar and a steepening of the yield curve.