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

CNBC/Yun Li/5-24-2022

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“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.” – Bill Ackman, Pershing Square

USAGOLD note: Another ominous warning from a member of Wall Street’s best and brightest. With some apprehension, we recall Bank of England Governor Andrew Baily’s recent admission that he felt “helpless” about controlling inflation. That leaves only one of the two options Ackman cites……

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