Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, 'Catalyzing an Economic Collapse' – Economics Bitcoin News

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'The only way to stop today’s raging inflation is with aggressive monetary tightening or with a collapse in the economy,' Bill Ackman said. Economics

Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund management company founded in 2004.explained on Twitter that if the Fed doesn’t step in to fix inflation, the market will complete the job.. “Markets are imploding because investors are not confident that the Federal Reserve will stop inflation. If the Fed doesn’t do its job, the market will do the Fed’s job, and that is what is happening now.

Ackman is not the only one that’s concerned about the Federal Reserve’s ability to stop inflation. Gold bug and economist“Don’t try to figure out why inflation is so high now, but why it’s been so low in the past,” Schiff Similar to Schiff’s commentary, the Pershing Square founder explained that inflation could end up being a long-term problem. Ackman continued:

 

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Yes if you are a bank trying to lend... you need better lending rates that are greater then inflation

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