Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse.
Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out of Control’
While the headlines talk about the Federal Reserve’s chair, Jerome Powell, getting “aggressive” with monetary policy by implementing rate hikes and revealing the central bank would tighten large asset purchases this summer, many economists and financial players don’t believe the Fed can do its job. Moreover, Atlanta Fed president Raphael Bostic told the press that Fed policymakers could pause interest rate hikes.
On Tuesday, founder of Pershing Square Capital Management Bill Ackman explained on Twitter that if the Fed doesn’t step in to fix inflation, the market will complete the job.
“Inflation is out of
