Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot

Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot


Morgan Stanley CEO James Gorman says two changes have happened recently that “really matter” to the economy. The executive explained that inflation has clearly peaked and China has made a “major, major pivot” economically.

Morgan Stanley’s CEO on U.S. Economy and Inflation

The chairman and CEO of global investment bank Morgan Stanley, James Gorman, discussed the U.S. economy and China’s relationship with the U.S. in an interview with CNBC Thursday in Davos, Switzerland.

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“Two things have changed recently that really matter,” he began, noting that the first concerns inflation while the second concerns China’s recent pivot economically.

“The inflation numbers are better,” the Morgan Stanley chief said, emphasizing:

Clearly, inflation peaked. That’s no longer a question. It’s a fact.

He added that the question is

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