Peter Orszag: The Fed shouldn't have cut rates at the end of last year; the dollar might have depreciated.

According to Mars Finance, citing Jinshi, Lazard CEO Peter Orszag stated at the "Wall Street Journal Invest Live" event that the Federal Reserve may not have cut interest rates at the end of last year. He predicts that inflation may unexpectedly rise this year, pointing to artificial intelligence and high-income consumers as potential drivers of US economic growth. He believes the Fed has fallen behind the curve, and rate cuts could lead to a depreciation of the dollar and a steepening of the yield curve.