Blackstone’s Schwarzman Sees U.S. Economy on ‘Pretty Good Path’

Jan 24, 2014 1:39 am ET

Jan. 23 (Bloomberg) -- Blackstone Group LP’s Steve Schwarzman, who runs the world’s biggest manager of alternative assets such as private-equity funds, said the U.S. economy is on a “pretty good path” as the Federal Reserve gradually reduces its monetary stimulus.

A reduction in the Fed’s asset purchases won’t affect Blackstone, Schwarzman said today in an interview with Stephanie Ruhle and Erik Schatzker at the World Economic Forum in Davos.