Bill Ackman: The Federal Reserve may abandon the 2% inflation target
According to ChainCatcher, citing Golden Ten Data, Bill Ackman, CEO of hedge fund Pershing Square Capital Management, stated that the Federal Reserve may abandon its 2% inflation target. He expects the Fed to set the inflation target in the 2.5% - 3% range, and pointed out that many strong forces will drive the economy and the overall market, making it difficult to imagine an environment completely free of inflationary pressures.
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