Reuters
- There's no indication that interest rates are too high, Leon Cooperman told CNBC.
- Without tighter policy, a recession is still on the table, and could be ignited by a number of risks.
- The billionaire investor also sees a return to this year's stock market highs as unlikely.
Leon Cooperman is holding out on expectations that a US recession is forthcoming, noting that he is among the few still calling for higher interest rates, he told CNBC on Thursday.
"What's the sign that interest rates are too high?" the Omega Advisors founder asked. "The stock market's been going up, the market has a very speculative tone to it. In Georgia, their flash estimate in GDP was like 5%. There's no indication that the Fed is restrictive."