Hedge fund billionaire Bill Ackman sees the Fed keeping rates higher for longer as inflation poses biggest threat to economy
July 26, 2022 at 16:17 PM EDT
The Federal Reserve and Chairman Jerome Powell will keep benchmark interest rates higher for longer to tame inflation, Bill Ackman tweeted Tuesday. The billionaire hedge fund manager said inflation poses the biggest risk to the US economy, not Fed rate hikes, as high prices weigh on consumer and … Source
