Barry Sternlicht, CEO of global investment group Starwood Capital, told CNBC there are a number of negative factors that are contributing to his unease about the state of U.S. economy.
“The economy’s not quite as strong as the number indicated,” he told CNBC’s Jim Cramer on “Mad Money” on Wednesday evening after the market rout that took the Dow Jones Industrial Average nearly 832 points, or 3.15 percent, lower. “I think the Fed is going to have to be careful.”
