Point72's Cohen sees economic slowdown amid tariff confusion
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Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson
By Carolina Mandl
NEW YORK (Reuters) -Point72 Asset Management’s founder, Steven Cohen, said on Wednesday he believes the U.S. economy will very likely slow down because of tariff threats, but even so the Federal Reserve will not act immediately to cut interest rates.
“We don't think the Fed's going to act right away, because they're still going to be worried about inflation from tariffs,” he said at the Sohn investment conference in New York. Cohen said he expects GDP to grow by 1.5% next year.
(Reporting by Carolina Mandl, in New York; Editing by Leslie Adler)
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