Billionaire investor warns ‘worst is yet to come’ for US economy

Loose monetary policy

Inflation cannot be cured, Carl Icahn says.

Loose monetary policy has spawned record-high inflation in the US economy, a circumstance that is not going to change soon, US financier Carl Icahn told MarketWatch this week. The 86-year-old, who heads up the conglomerate Icahn Enterprises, has long been one of the most prominent names on Wall Street.

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