In December 2025, the Federal Reserve cut interest rates to between 3.5% to 3.75%, down by 25 basis points.
Bill Ackman says it is a “fiction” that the US can go back to inflation levels of 2%. Instead, the hedge fund manager expects the Federal Reserve to aim for an inflation target of between 2.5% to 3%.
"I think the Fed will abandon the goal of 2%," Ackman told UBS Group’s global co-head of wealth management, Iqbal Khan, during a dialogue session at the bank’s annual Asia Wealth Forum on Jan 12.
