Billionaire Carl Icahn warns 'you can't cure' white-hot inflation

Although an easy monetary policy initially seems enjoyable, it has drawbacks.

Asset prices rose sharply in 2020 and 2021 but sharply declined in 2022.

While this is going on, inflation is still very close to 40-year highs, and the Fed needs to quickly raise interest rates to get prices under control.

"We overprinted money because we believed the party would never end. And the party is done," says multi-billionaire investor Carl Icahn on a remote feed from MarketWatch's Best New Ideas in Money Festival.

Icahn is not one of the many investors who experienced excruciating losses in 2022, even though the S&P 500 had its worst first half of the year since 1970.

His business, Icahn Enterprises, saw a 30% increase in net asset value.


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Leaving for the US to attend G-20 and IMF meetings is the finance minister