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Paul Tudor Jones Says Powell Has a Lot of Catching Up to Do

  • Inflation poses risk to asset prices, hedge fund manager says
  • Jones says pandemic-era inflation trades will be challenged
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Federal Reserve Chair Jerome Powell will struggle to contain rising inflation, and a variety of assets will face challenges as a result, Paul Tudor Jones said.

“He’s got a lot of catching up to do,” the hedge fund manager said Tuesday in an interview on CNBC. “We’re getting ready to see a major shift, and it’s going to have a lot of consequences for a variety of asset prices.”