Skip to content
Subscriber Only

Kyle Bass Says Mild U.S. Recession Most Likely in Middle of 2020

  • Hedge fund manager says Fed doesn’t have arrows in quiver
  • He sees the stock market lower at end of year than today
Kyle Bass
Kyle BassPhotographer: Patrick T. Fallon/Bloomberg
Updated on

Kyle Bass, founder of Hayman Capital Management, said the U.S. most likely will enter a mild recession by the middle of 2020 as the bounce from fiscal stimulus wanes.

The hedge fund manager said it’s unlikely that Democrats, who control the House, will let the Trump administration further stimulate the economy. And the Federal Reserve, which was late in the cycle on raising interest rates, won’t be much help either.