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Paul Tudor Jones says the Fed’s credibility is at risk with inflation view

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The Federal Reserve is risking its credibility by keeping policy so loose and allowing inflation to grow in a way that may not be temporary, billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday.

This week could see “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years,” Jones told CNBC’s Andrew Ross Sorkin during a “Squawk Box” interview.

That statement comes even though the policymaking Federal Open Market Committee is not expected to change its approach to interest rates, which are near zero, or its $120 billion a month asset purchase program.

The Fed’s bond-buying program was intended to…



Source cnbc.com

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