Blackstone Group CEO : Regardless of who is elected as the U.S. President, America will avoid an economic recession

Blackstone Group Chairman and CEO Stephen Schwarzman said in an interview in Tokyo on Wednesday that the United States could avoid a recession regardless of who wins the presidential election, as both candidates have policy proposals to stimulate economic growth. Schwarzman stated that with U.S. interest rates possibly continuing to decline, he believes the environment for trading and exiting investments is improving. "It's actually a matter of interest rates and economic growth," he said. "Interest rates will continue to fall, which will provide momentum for more buying and selling transactions."