Activist investor Carl Icahn has urged the Federal Reserve to stay the course in the fight against the “disease of inflation” despite the failure of Silicon Valley Bank and two other banks last week.
“I think you have to stamp out the disease of inflation,” Icahn told the Financial Times.
“[Jay] Powell is completely right,” he added, referring to the Fed chair. “And I hope he doesn’t decide that they need to change course because of what is going on.”
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