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Fortune

Will Daniel

Billionaire investor Bill Ackman says the Fed is ‘no longer credible’ on a key metric—and change is probably coming

Bill Ackman Inflation Barry Sternlicht Claudia Sahm Powell Fortune

Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during the WSJ D.Live global technology conference in Laguna Beach, California, U.S., on Tuesday, Oct. 17, 2017. (Credit: Patrick T. Fallon—Bloomberg /Getty Images)

The Federal Reserve has two simple, but extremely difficult jobs: ensure maximum employment and maintain price stability.

It’s an understatement to say that the second part of that equation—price stability—has been a challenge this year.

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Top stories on inkl right now

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Residents in rural Panama are dealing with aftershocks following two powerful earthquakes that hit the country on Friday

The Independent UK

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The Latest: Isaias weakens after making landfall as Category 2 hurricane

Isaias weakened quickly after making landfall on the U.S. Gulf Coast near Destin, Florida, as a Category 2 hurricane Friday evening

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Two dead as Isaias weakens to post-tropical cyclone after striking Florida panhandle

Deaths came from falling trees as nearly a million people are without power and rain and flooding remain a concern

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

United Auto Workers president Shawn Fain easily wins re-election

Fain was dogged by investigation but still decisively beat challenger Rich Boyer, who received just 13% of vote

The Guardian - US

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