Billionaire investor Bill Ackman said that the Federal Reserve’s latest decision to raise interest rates by 25 basis points, combined with Treasury Secretary Janet Yellen’s remarks that there are no plans for unlimited deposit guarantees, was a “big mistake” that puts more pressure on smaller banks and sends the economy toward a “train wreck.” Ackman…
Billionaire Investor Warns Economy Heading for ‘Train Wreck’ After Fed’s Latest Move
March 24, 2023
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bank crisisBusiness & Marketsdeposit guaranteeeconomic policieseconomyInvestmentJanet YellenMarketspersonal financerecessionUS
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