Bill Ackman Says Aggressive Fed Action Would Help Restore Confidence (NL.PSH) (US.PSTH)
Pershing Square founder Bill Ackman said Tuesday that the US Federal Reserve would be better off by raising rates 100 basis points âtomorrow, in July and thereafterâ instead of the 75-basis-point hike that some economists are expecting. He said the central bank had allowed inflation âto get out of controlâ and called for âaggressive actionâ that would help restore market confidence. 
âThe sooner the @federalreserve can get to a terminal FF rate and thereafter can begin to ease, the sooner the markets can recover,â Ackman wrote on Twitter.
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