Watch: The Fed likely knows interest rate hikes will produce a hard landing, says David Rubenstein (
Billionaire investor and philanthropist David Rubenstein, co-founder of the Carlyle Group, joins CNBC's 'Squawk Box' to discuss his new book 'How to Invest: Masters on the Craft,' weigh in on the Federal Reserve's latest interest rate hike, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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