Billionaire investor Barry Sternlicht says the Fed’s rate hikes are like using a ‘steamroller’ to ‘kill a small fly’ and warns the economy is about to ‘hit…

Billionaire investor Barry Sternlicht says the Fed’s rate hikes are like using a ‘steamroller’ to ‘kill a small fly’ and warns the economy is about to ‘hit…

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Starwood Capital’s CEO Barry Sternlicht thinks the Fed created the banking crisis by itself, and that its interest rate hikes will hurt the economy. “Obviously he [Fed Chair Jerome Powell] didn’t need to do what he did,” he told CNBC’s Squawk Box on Thursday about the latest interest rate increase…

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