Starwood Capital CEO Barry Sternlicht on the Fed’s Inflation Fight 6/22/23

Federal Reserve Chair Jerome Powell cautioned on Wednesday that he and all other members of the rate-setting Federal Open Market Committee expect to raise interest rates further to bring down inflation. Barry Sternlicht, Starwood Capital chairman and CEO and chairman of Starwood Property Trust, discusses the Fed’s inflation fight, commercial real estate, market outlook, and more. The FTC on Wednesday sued Amazon, alleging it tricked customers into signing up for its Prime subscription program and intentionally complicated the cancellation process. Plus, Twitter owner Elon Musk tweeted that he is up for a fight in a “cage match” with Facebook CEO Mark Zuckerberg. Meta is reportedly working on a stand-alone, text-based social network app that could compete with Twitter. In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Klaire Odumody, @klairemarie