Co-founder of Oak Tree Capital: After the Federal Reserve cuts interest rates, U.S. rates will not be lower than 3%

ChainCatcher news, Howard Marks of Oak Tree Capital stated that after the Federal Reserve cuts interest rates, U.S. rates will be in the range of 3% to 4%. Marks, co-chairman and co-founder of Oak Tree Capital, said at a conference in Melbourne on Thursday that the Federal Reserve will lower rates from the emergency level of 5.25% to 5.5% down to the 3% line. He also emphasized that he believes rates will stay around the 3% line and will not return to zero, 0.5%, or 1%. (Jin Shi)