According to former Goldman Sachs chairman and CEO Lloyd Blankfein, the Federal Reserve’s series of interest rate increases may seem like a long time, but it will not last forever. Speaking on Marcus & Millichap’s latest webcast, Blankfein stated that these are all cycles and we are approaching the end of this one. He also mentioned that we are nearing the conclusion of both the tightening cycle and its effects.
Blankfein was featured as a speaker on Marcus & Millichap president and CEO Hessam Nadji’s economic outlook webcast. He agreed with Nadji that the Fed should have addressed inflation resulting from the pandemic earlier but acknowledged their recent efforts in handling it.
The hour-long webcast provided valuable insights from various industry leaders such as Real Estate Roundtable CEO Jeffrey DeBoer discussing macroeconomics’ impact on commercial real estate, National Multifamily Housing Council president Sharon Wilson Geno highlighting ongoing affordability issues, and ICSC president Tom McGee addressing retail supply and demand.
For those who missed it live or want to rewatch certain segments, click here for replays of this informative Sept 26th event.
