Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’

Billionaire hedge fund manager Bill Ackman called for the Fed to raise interest rates and start cutting its monthly asset purchases immediately. “We are continuing to dance while the music is playing, and it is time to turn down the music and settle down,” he said in a tweet. Ackman’s Pershing Square is underperforming the S&P 500 this year after a stellar 2020 run.

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