Wilbur Ross Jr. is worried about deflation.
While the financier, who heads up WL Ross & Co., thinks the Federal Reserve is likely to raise interest rates in the middle of 2015 – and rightly so, he said–Mr. Ross thinks the developed world has structural headwinds that make inflation concerns a thing of the past.
Speaking at the Japan Society in New York Wednesday, Mr. Ross surveyed the economic, investment and monetary landscape in the U.S., Japan and Europe. If there was a common denominator, it’s that central banks are doing what they can but the experience of quantitative easing is that “financial markets are much easier to move than economies.”
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