Asks for assessment of current energy shock situation.
Host
David Rubenstein
Too early to know long-term impact. CPI numbers comforting but don't reflect upcoming energy price inflation. Market will like CPI but Fed will wait to see energy prices before March 18 FOMC decision.
Administration trying to cap energy prices. Asks about contrast between equity market perception and on-the-ground reality.
Host
David Rubenstein
Energy prices not controlled by US alone due to global factors. Impact likely not positive for markets as people nervous about war duration.
Asks what Trump administration can do to mediate consumer concerns in midterm election year.
Host
David Rubenstein
Jawboning energy prices down doesn't work. Real test is whether war ends soon. If Strait of Hormuz blocked, big impact.
Asks about private credit stress if Fed on hold and funding stress increases, particularly software loans.
Host
David Rubenstein
Private credit in relatively good shape. Small percentage have default issues. Not a big problem currently.