Apollo Global CEO warns: Fed's aggressive rate cuts may backfire
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Apollo Global CEO Marc Rowan warned that the Federal Reserve's aggressive rate cuts may backfire, suggesting that current economic stimulus measures are no longer necessary. He pointed out the active financing and rising real estate prices, questioning the need for further rate cuts. Rowan also mentioned that Apollo's goal is to increase assets under management to $1.5 trillion within five years and may establish partnerships with more banks. He expressed concerns about the speed of government spending, stating that the United States is "spending the next generation's money."
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