David Tepper, the billionaire who runs $19 billion hedge-fund firm Appaloosa Management LP, said there’s “no way” the U.S. Federal Reserve can scale back its economic stimulus amid disruptions caused by the government shutdown.
“They’re not tapering for a long time now,” Tepper said today in an interview on CNBC. “They have no choice. The government is still shut, things are going to obviously slow down and now it looks like they may have a relatively short-term deal, which is not going to create the confidence you would quite like.”
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