People who haven't had to ever worry about inflation are now beginning to do so. The price of everything you buy day-to-day is probably going to go up." (Rubenstein expects the current bout of inflation to peak at 5% to 6% for this year.)
"For 25 years, our inflation rate's been more or less 2% or less, and we couldn't get inflation. We couldn't buy inflation. Now we don't have that problem, but it's getting to the point where people are nervous about it. And that will have an impact on the way everything is priced in this economy."
"The Fed is doing the right thing, but as we do begin to increase interest rates, it will slow down the economy. And when you have inflation and high interest rates, that's not a good combination."
Thank you, Brandon.
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