Lazard in the News

Chief Executive Officer Peter Orszag on CNBC’s Money Movers

February 13, 2024

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On February 13, Lazard Chief Executive Officer Peter Orszag appeared on CNBC’s “Money Movers” where he discussed the potential timing of rate cuts from the Federal Reserve considering the latest CPI print changes.

“I think this is what we were expecting. The Fed was going to wait to make sure that inflation had come down in a more durable away,” said Peter. “[I think] the Fed does not want to have to resort back to quantitative easing in kind of an emergency [situation]. That is another motivation for keeping the rate higher for longer.”

Later in the segment, Peter also shared his outlook for M&A activity, highlighting sectors he believes are primed for activity. Additionally, he touched upon the challenges China must address for economic recovery and the obstacles banks face in the commercial real estate sector.

Click here to watch a clip from Peter’s segment.


About Lazard

Founded in 1848, Lazard is the preeminent financial advisory, private capital advisory, and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters. Lazard also advises private markets sponsors and investors on primary fundraising, secondary transactions, and GP capital solutions, and provides asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.