Ariel’s Hobson Says Recovery Will Advance Despite Inflation

The economic recovery is likely to advance even as inflation remains a challenge, according to Ariel Investments Co-Chief Executive Officer Mellody Hobson.

“I’m actually optimistic about the U.S. economy and globally,” Hobson, 52, said in an interview for “The David Rubenstein Show: Peer-to-Peer Conversations.” “The recovery has been stronger than people have expected, and I think that will continue.”

Rising prices are the big issue facing the economy, and it’s clear that inflation isn’t transitory, she said.

WATCH: Ariel Investments President & Co-CEO and Starbucks Chair Mellody Hobson talks about why the firm is so bullish on value stocks.

Source: Bloomberg

“We think a diverse boardroom is essential to the well-being of a company and its stewardship,” Hobson said. “We advocate in ...