Apollo’s Kleinman Says ‘Open Your Eyes,’ Inflation Not Tamed (1)

Scott Kleinman, co-president at Apollo Global Management Inc., has warned markets not to get too comfortable with the current trajectory of inflation and interest rates.

“Inflation is not tamed,” Kleinman said in a Bloomberg Television interview on Tuesday. “The Fed can say what it wants. You just have to open your eyes and look around.”

Kleinman was speaking a week after Donald Trump won the US presidential election. The Republican has vowed to introduce a raft of import tariffs that economists warn could stoke inflation just as the US Federal Reserve has started to cut interest rates ...