The Billionaire Hedge Fund Manager Bill Ackman believes the Federal Reserve should collapse at rates soon amid a weakening of the US economy.
In a new interview with CNBC, the founder and CEO of Persing Square Capital Management said President Trump's release day has been a slowdown in a slowdown in the economy.
On April 2, which Trump called the day of liberation, Trump slapped a stunning set of tariffs on all foreign goods entering the US, aimed at living domestic labor. The president also imposed rewards tariffs on twelve countries based on unfair trading skills.
Ackman said,
“I think a little cut is a bit sense because I think what happened is that Q1 has benefited through some purchases of purchases and small tariffs. The uncertainty associated with the day of release, so to speak, has caused many businesses to stop and wait to see what happens, and that is to see in Q2.
There is definitely a decay in the economy today, absolutely. I think what is important is that tariffs can be solved in a short -term relative. “
While Ackman calls for a sudden cut rate, data from the Fed Watch tool of CME Group suggests That has a 95.2% chance that policy manufacturers will keep interest rates stable this month.
The Federal Open Market Committee is Looking forward to announce its decision on May 7.
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