KKR Co-Founder Expresses Optimism About U.S. Economy, Fed Moves

Henry Kravis, co-founder of private equity firm KKR & Co., is upbeat about the U.S. economy this year and next, and says the Federal Reserve is doing the right thing getting back to normal.

“Interest rates are starting up but they are still very low, relatively speaking; there is plenty of capital available, banks are in much better condition today than they were back in 2007,” he said to reporters in Tokyo. “I don’t see anything today on the horizon in the U.S. that says we are going to go into a big downturn quickly. I think 2018 is going to be fine, I think actually 2019 will be fine.”