NEW YORK (Reuters) – Morgan Stanley Chief Executive James Gorman believes the U.S. Federal Reserve may need to move quicker on interest-rate rises, he said in an interview with CNBC on Monday.
“We are heading to a rising interest-rate environment,” he said. “If I were the Fed I would start moving a little quicker rather than later, store away some ammunition and accept the reality.”
(Reporting by Matt Scuffham)
