Billionaire hedge fund manager Bill Ackman has been urging the Federal Reserve to get serious on inflation since late last year.
Now, he has doubts about the U.S. central bank’s ability to bring price stability down to its target. And thinks stock prices could remain under pressure as rates stay high amid this new environment.
The Pershing Square Capital founder and CEO said Thursday in a quarterly call with investors that interest rates are “meaningfully below where they are going to…
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