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Billionaire Zell Warns That Fed Needs to Break Inflation Mindset

The real estate investor, in an interview with David Rubenstein, argues that the central bank needs to raise its benchmark rate even if it risks putting the economy into a recession.

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Zell Says Fed Should Raise Rates by 75 Basis Points

Sam Zell, the billionaire made famous by his real estate deals, said that central bank actions to flood the market with money in recent years are coming back to bite the economy. 

He urged Federal Reserve Chair Jerome Powell to raise rates by as much as 75 basis points and “break the inflation mentality.”