The Fed is finally doing all the right things, but the US will still likely enter a recession, Sam Zell warned. Zell criticized the Fed's delayed response to inflation and its expansion of its balance sheet, which fueled inflationary pressures. AdvertisementThe Fed is finally doing all the right things – but it won't help the US avoid a recession, according to billionaire investor Sam Zell, warning of more pain ahead as the central bank scrambles to bring down inflation. "I think the Fed is doing all the right things now, reflective of the fact that the Fed didn't do all the right things earlier this year. " You lead to excess, and excess ultimately leads to a recession," Zell said.

Source: Economic Times November 03, 2022 18:05 UTC