His comments came after the U.S. Federal Reserve held interest rates steady but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses. 'The long-term inflation rate is not going back to 2% no matter how many times Chairman Powell reiterates it as his target,' Ackman said in a post on social media platform X, formerly known as Twitter. With autoworkers on strike, Ackman pointed to inflationary pressure from potential increases in workers' wages.
Ackman, CEO of Pershing Square Capital, speaks at the WSJ Digital Conference in Laguna Beach
His comments came after the U.S. Federal Reserve held interest rates steady but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses. With autoworkers on strike, Ackman pointed to inflationary pressure from potential increases in workers' wages.
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