Billionaire hedge-fund manager Bill Ackman believes the tariff-driven trade conflict will be short-lived and views the measures as a one-time economic adjustment, not a trigger for ongoing inflation. The Pershing Square CEO told CNBC that resolving tariffs quickly is crucial, warning that prolonged uncertainty could negatively affect second-quarter performance. He acknowledged tariffs may raise some prices but said the impact wouldn’t lead to compounding inflation. Ackman sees signs of a cooling economy and easing inflation, suggesting the Federal Reserve could begin cutting interest rates later this year. He recommended a 180-day pause on China policy to allow time for a deal and give U.S. companies space to adjust supply chains.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bill Ackman believes the tariff-driven trade conflict will be short-lived
00:07and views the measures as a one-time economic adjustment, not a trigger for ongoing inflation.
00:13Pershing Square's CEO told CNBC that resolving tariffs quickly is crucial,
00:18for in their prolonged uncertainty, could negatively affect second-quarter performance.
00:22He acknowledged tariffs may raise sub-prices, but said the impact
00:25wouldn't lead to compounding inflation.
00:28Ackman sees signs of a cooling economy and easing inflation,
00:32suggesting the Federal Reserve could begin cutting interest rates later this year.
00:36He recommended a 180-day pause on China policy to allow time for a deal
00:40and give U.S. companies space to adjust supply chains.
00:44For all things money, visit Benzinga.com slash GSTV.