Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

May 24, 2022 by CNBC

Key Facts

  • Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse.
  • "There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an economic collapse and demand destruction," Ackman said in a slew of tweets Tuesday.
  • The Pershing Square hedge fund manager attributed 2022's market correction to investors' lack of confidence that the central bank could squash a 40-year high in inflation.
  • The hedge fund manager said the Fed should demonstrate its seriousness by immediately raising rates to neutral and committing to continue to hike borrowing costs until "the inflation genie is back in the bottle."

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