Bill Ackman: The Reason That Inflation Continues To ‘Rage’
They’ve only hired 350 people in the last couple of months.
With the Fed today at, I’ll call it 2.5%, the market saying that the Fed funds will average only 40 basis points above the current rate over the next two years, and that implies really no financial tightening at all.
And so the current prevailing level of rates is amping up the economy, which is why we are having the inflation that we are having now, coupled with the global factors of course.