For Milken Panelists, Recession Is a ‘When’ Not an ‘If’
Fed’s interest rate hike also hijacked the conversation on last day.
The Milken Institute Global Conference wrapped up Wednesday.
Photo by Patrick T. Fallon /AFP/Getty Images
Welcome to a special edition of the Bw Daily, live from the Milken Institute Global Conference in Beverly Hills. Subscribe here for more of Businessweek’s great reporting and usual charm in our daily newsletter. Let’s dive in ...
The Milken Institute Global Conference opened to news of First Republic Bank’s weekend collapse and closed as the Federal Reserve hiked interest rates for the 10th straight time Wednesday. The gloomy financial climate didn’t keep people away from the packed event, but Bloomberg’s team of reporters picked up on a somber mood hanging over the Beverly Hills conference.