Federal Reserve ‘Should Taper Immediately,’ Bill Ackman Says

Bill Ackman said the Federal Reserve should slow down the pace of its asset purchases to support the U.S. economy ahead of a key meeting next week of policy makers.

“We think the Fed should taper immediately and begin raising rates as soon as possible,” the billionaire founder of Pershing Square Capital Management said in a series of tweets Friday. “We are continuing to dance while the music is playing, and it is time to turn down the music and settle down.”