AutoNation's CEO isn't afraid of interest rate hikes

April 2, 2015 7:55 PM

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Business leaders and politicians alike normally urge the Fed to keep rates as low as possible — especially at times like now when inflation remains in check. But Jackson says he doesn’t think that higher rates will have much impact on car payments.

Jackson, a colorful CEO who leads the nation’s largest auto-dealer chain, says a “very gradual” increase should begin in this, the second quarter, or in the third.

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