Blackstone’s Schwarzman Predicts Trump Will Be Good For Business
Blackstone CEO Steve Schwarzman expects the business community to prosper under President Trump.
Schwarzman said he thinks there will be a lot of changes, but they excite him rather than scare him, Bloomberg reports. At Tuesday’s Wall Street Journal CEO Council, he said he thinks the business community will look “infinitely better” a few years down the road.
While it’s largely unknown how Trump’s policies will impact the real estate industry, part of Schwarzman’s optimism comes from the anticipation that Trump will roll back government regulations built up under President Obama that impose stricter guidelines on how businesses access credit. [Bloomberg]