Fed’s ‘Loaded Gun’ Could Aid Economy, Apollo’s Zelter Says (1)

The US Federal Reserve’s decision to keep rates high means it has a “a loaded gun that they can use as needed” if economic conditions worsen, according to James Zelter.

“Concern about a slowdown has been on everybody’s mind the last six to seven months,” the Apollo Asset Management co-president said in an interview on Bloomberg TV. “The Fed’s done a really nice job of maintaining higher rates.”

WATCH: Zelter says the US economy is in “this interesting Goldilocks period” and that the Fed has “a loaded gun” to use as needed.

Source: Bloomberg

Zelter said the so-called Fed put, a belief that the central bank will always be there to prop up financial markets when things get seriously ropey, is back in the ...