{"id":939344,"date":"2021-10-29T21:29:20","date_gmt":"2021-10-30T01:29:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=939344"},"modified":"2021-10-29T21:29:25","modified_gmt":"2021-10-30T01:29:25","slug":"top-hedge-fund-ceo-calls-for-fed-to-hit-brakes-on-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-hedge-fund-ceo-calls-for-fed-to-hit-brakes-on-inflation\/","title":{"rendered":"Top Hedge Fund CEO Calls For Fed To Hit Brakes On Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftop-hedge-fund-ceo-calls-for-fed-to-hit-brakes-on-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=939344&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Hedge fund manager Bill Ackman called for the Federal Reserve to taper its aggressive monetary policy in order to reduce inflation.<\/p>\n<p>Ackman \u2014 who leads the firm Pershing Square Capital Management \u2014 told the Federal Reserve Bank of New York last week that \u201cthe Fed should taper immediately and begin raising rates as soon as possible.\u201d<\/p>\n<p>\u201cWe are continuing to dance while the music is playing, and it is time to turn down the music and settle down,\u201d he explained.&nbsp;<\/p>\n<p dir=\"ltr\" lang=\"en\">I gave a presentation <a href=\"https:\/\/t.co\/U9C5OoiDq3\">https:\/\/t.co\/U9C5OoiDq3<\/a> to the Federal Reserve Bank of New York last week to share our views on inflation and Fed policy. The bottom line: we think the Fed should taper immediately and begin raising rates as soon as possible.<\/p>\n<p>\u2014 Bill Ackman (@BillAckman) <a href=\"https:\/\/twitter.com\/BillAckman\/status\/1454124914554904580?ref_src=twsrc%5Etfw\">October 29, 2021<\/a><\/p>\n<p>\u201cAs we have previously disclosed, we have put our money where our mouth is in hedging our exposure to an upward move in rates, as we believe that a rise in rates could negatively impact our long-only equity portfolio,\u201d he added.<\/p>\n<p dir=\"ltr\" lang=\"en\">As we have previously disclosed, we have put our money where our mouth is in hedging our exposure to an upward move in rates, as we believe that a rise in rates could negatively impact our long-only equity portfolio.<\/p>\n<p>\u2014 Bill Ackman (@BillAckman) <a href=\"https:\/\/twitter.com\/BillAckman\/status\/1454127830741180416?ref_src=twsrc%5Etfw\">October 29, 2021<\/a><\/p>\n<p>Ackman\u2019s <a href=\"https:\/\/www.newyorkfed.org\/medialibrary\/media\/aboutthefed\/pdf\/IACFM-presentation-Oct-2021\">presentation<\/a> to the Fed noted that the central bank\u2019s current policy is to \u201cbegin tapering shortly but wait on raising interest rates until further evidence of progress on employment and continued inflation.\u201d<\/p>\n<p>With $5.1 trillion in combined fiscal stimulus packages \u2014 and further \u201cBuild Back Better\u201d spending that could equal 10% to 15% of GDP \u2014 the economy has been abundantly stimulated. As a result, there are 2.8 million more available jobs than workers willing to take them.<\/p>\n<p>The report says that in addition to improved unemployment rates, inflation measures \u201care substantially higher today than at the beginning of prior rate hike cycles.\u201d<\/p>\n<p>\u201cA \u2018wait and see\u2019 approach to raising interest rates creates significant risks given the substantial progress to date on employment and inflation combined with the unprecedented economic backdrop,\u201d argues the report, which also cites warnings from the <a href=\"https:\/\/www.dailywire.com\/news\/bank-of-england-joins-the-fed-in-warning-of-more-pronounced-inflation\">Bank of England<\/a> and International Monetary Fund.<\/p>\n<p>Carl Icahn \u2014 an influential hedge fund manager and a rival of Ackman \u2014 issued a similar <a href=\"https:\/\/www.dailywire.com\/news\/there-will-be-a-crisis-legendary-hedge-fund-manager-warns-that-economy-will-hit-the-wall-due-to-inflation\">warning<\/a> about the inflationary risks facing the United States economy.<\/p>\n<p>\u201cIn the long run we are certainly going to hit the wall,\u201d Icahn said in a recent interview. \u201cI really think there<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge fund manager Bill Ackman called for the Federal Reserve to taper its aggressive monetary policy in order to reduce inflation.Ackman \u2014 who leads the firm Pershing Square Capital Management \u2014 told the Federal Reserve Bank of New York last week that \u201cthe Fed should taper immediately and begin raising rates as soon as possible.\u201d\u201cWe are continuing to dance while the music is playing, and it is time to turn down the music and settle down,\u201d he explained.\u00a0I gave a presentation https:\/\/t.co\/U9C5OoiDq3 to the Federal Reserve Bank of New York last week to share our views on inflation and Fed policy. The bottom line: we think the Fed should taper immediately and begin raising rates as soon as possible.\u2014 Bill Ackman (@BillAckman) October 29, 2021\u201cAs we have previously disclosed, we have put our money where our mouth is in hedging our exposure to an upward move in rates, as we believe that a rise in rates could negatively impact our long-only equity portfolio,\u201d he added.As we have previously disclosed, we have put our money where our mouth is in hedging our exposure to an upward move in rates, as we believe that a rise in rates could negatively impact our long-only equity portfolio.\u2014 Bill Ackman (@BillAckman) October 29, 2021Ackman\u2019s presentation to the Fed noted that the central bank\u2019s current policy is to \u201cbegin tapering shortly but wait on raising interest rates until further evidence of progress on employment and continued inflation.\u201dWith $5.1 trillion in combined fiscal stimulus packages \u2014 and further \u201cBuild Back Better\u201d spending that could equal 10% to 15% of GDP \u2014 the economy has been abundantly stimulated. As a result, there are 2.8 million more available jobs than workers willing to take them.The report says that in addition to improved unemployment rates, inflation measures \u201care substantially higher today than at the beginning of prior rate hike cycles.\u201d\u201cA \u2018wait and see\u2019 approach to raising interest rates creates significant risks given the substantial progress to date on employment and inflation combined with the unprecedented economic backdrop,\u201d argues the report, which also cites warnings from the Bank of England and International Monetary Fund.Carl Icahn \u2014 an influential hedge fund manager and a rival of Ackman \u2014 issued a similar warning about the inflationary risks facing the United States economy.\u201cIn the long run we are certainly going to hit the wall,\u201d Icahn said in a recent interview. \u201cI really think there will be a crisis the way we are going, the way we are printing money, the way we are going into inflation. If you look around you, you see inflation all around you and I don\u2019t know how you deal with that in the long term.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-939344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/939344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=939344"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/939344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=939344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=939344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=939344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}