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

CNBC/Yun Li/5-24-2022

photograph of storm clouds on the horizon sunny foreground

“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……


This entry was posted in Today’s top gold news and opinion. Bookmark the permalink.

Source link

Add a Comment

Your email address will not be published. Required fields are marked *