Oaktree Capital: I Question and Consumer Strength

oaktree capital: Our economy is the best performing in the world of major economies, according to Market Watch. So I'm happy with it and I don't think I'd be stimulating at this time, Marks told CNBC in an interview. Our call of the day, from Oaktree Capital's billionaire co-chairman Howard Marks, also weighs in on the Fed as he says the economy doesn't really need the rate cuts it's been doling out. Ten years later, do you want to cut rates to extend an economic expansion which is the longest in history Some question, I question whether that's a legitimate goal. Not that he's worried too much about the latter, citing consumer strength, even as the manufacturing sector struggles with trade-war angst. The Fed should be controlling inflation and supporting growth to create jobs, but not stopping a recession, he said. (news.financializer.com). As reported in the news.