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Bill Ackman says more immigration could help the Fed crush inflation without causing a recession - and touts Russia as a labor source

Business Insider LogoBusiness Insider2 mo ago

Bill Ackman says more immigration could help the Fed crush inflation without causing a recession - and touts Russia as a labor source - Business Insider

Quick Summary:

The billionaire investor argued that more immigrants might relieve wage inflation, and help the Fed to avoid tanking the job market and the economy.

Ackman has been largely supportive of Fed rate hikes this year.

US inflation surged to a 40-year high of 9.1% in June, and remained above 8% in August.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 12:03:47 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1937 (out of 2663 stories this day)

News Source URL: markets.businessinsider.com

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 492666

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About Business Insider

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Main Topics: Economy

Official Website: businessinsider.com

Update Frequency: 143 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

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The outlet is headquartered in United States and publishes an average of 143 news stories per day.

It's most recent story was published 11 hours ago.

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  • URL: https://beamstart.com/news/bill-ackman-says-more-immigration-16639348951398

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