A Recession Is ‘Certainly On The Table,’ Says Carlyle Group CEO Harvey Schwartz

Carlyle Group CEO Harvey Schwartz said a U.S. recession is possible but not certain, citing ongoing economic uncertainty from President Trump’s tariff policies. He warned that market instability, especially from a potential trade war with China, is already disrupting global trade and business decision-making.

While a recession could be avoided if markets stabilize, Schwartz emphasized the importance of finding economic equilibrium with China and urged business leaders to prepare for continued volatility.