Fed May Adjust Inflation Target, Says Ackman

According to ChainCatcher, Bill Ackman, CEO of Pershing Square Capital Management, suggested that the Federal Reserve might abandon its 2% inflation target. He anticipates that the Fed will set the inflation target in the range of 2.5% to 3%. Ackman highlighted that numerous strong forces are driving the economy and the overall market, making it difficult to envision a scenario without inflationary pressures.