Paul Tudor Jones Compares Fed Inflation Fight to a Moon Landing

Hedge fund billionaire Paul Tudor Jones likened Jerome Powell’s war against inflation to an attempt at a perfect moon landing, saying the Federal Reserve chair is facing the most challenging economic environment in 40 years.

“There’s huge amount of savings that consumers have from all the Covid-relief bills and the stimulus that was applied both from a fiscal and monetary standpoint,” Jones, the founder of Tudor Investment Corp., said Tuesday in an interview with CNBC. “He is faced with that very difficult proposition of working that down without breaking things.”