“How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,’” hedge-fund billionaire Bill Ackman said.
“‘How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do “whatever it takes.”’”
Read the whole thread for the flavor. Ackman’s beef is that the Fed, despite raising rates by an outsize 50 basis points, or half a percentage point, earlier this month and signaling at least two more half-point hikes are in store at coming meetings, is set to remain well behind the curve. Atlanta Fed President Raphael Bostic on Monday said a September pause in rate increases to reassess could make sense, according to news reports.
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