Almost half of CEOs surveyed have a pessimistic outlook for the economy

Businessman standing by the window and using laptop (Credit: Getty Images)

What are CEOs thinking right now?

In 1959, economist Milton Friedman infamously told Congress that monetary policies "operate with long and variable lags." This quote has loomed large over the past two years, especially as we've witnessed the Fed rapidly increasing interest rates at a pace not seen in four decades.