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


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…


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