Apollo warns: Inflation pressures have already formed, even without considering Trump's policies.
A week after Trump was elected President of the United States, economists warned that his tariff policies would reignite inflation. On Tuesday, Scott Kleinman, Co-President of global asset management firm Apollo, stated in a media interview that even without considering any potential impacts of Trump's policies, inflation pressures have already been established, given global trends such as digital infrastructure development and decarbonization.
In Kleinman's view, &#34;inflation is not yet fully under control,&#34; and he cautioned against taking the Federal Reserve's &#34;one-sided statements&#34; at face value. Kleinman stated:
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&#34;We will have to live in a higher interest rate environment for a longer time.&#34;
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Last month, Apollo CEO Marc Rowan commented that the Federal Reserve has no reason to continue cutting interest rates to stimulate the economy.
In this interview, Kleinman responded:
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&#34;The greater the extent of the Federal Reserve's rate cuts, the less able it will be to control inflation.&#34;
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Scott Kleinman, Co-President of Apollo, stated that even without considering any potential impacts of Trump’s policies, inflationary pressures have already been established in light of global trends such as digital infrastructure development and decarbonization

- Economists warn that inflationary pressures are already established, regardless of Trump's policies.  
- Scott Kleinman, co-president of Apollo, emphasized that global trends like digital infrastructure and decarbonization contribute to ongoing inflation concerns.  
- He cautioned against relying solely on the Federal Reserve's statements, suggesting that higher interest rates will persist longer than anticipated.

Asset management giant Apollo: Open your eyes and take a look, inflation has not yet been controlled