David Rubenstein is CEO and co-founder of the Carlyle Group, a US-based private equity, alternative asset management and financial services firm (Federal Reserve Chair Powell was an employee at the firm).
- Says the FOMC will do one more interest rate hike this year
- says difficult to get top the 2% inflation target
- US economy has good prospect to not drop into recession
- Also says China's economy will avoid recession
Was interviewed by CNBC.