Real estate billionaire Barry Sternlicht attributes Fed's aggressive rate hikes to harming the commercial real estate market.

Real estate billionaire Barry Sternlicht blames the Federal Reserve's aggressive rate hikes for damaging the commercial real estate market. The Fed's policies have hurt the economy, Sternlicht says, and the central bank "went crazy" with rates, causing significant damage to the real estate sector.

March 07, 2024
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