Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse.

"There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an economic collapse and demand destruction," Ackman said in a slew of tweets Tuesday.

The Pershing Square hedge fund manager attributed 2022's market correction to investors' lack of confidence that the central bank could squash a 40-year high in inflation. He said the market turmoil will only end if the Fed "puts a line in the sand" on soaring prices.

"If the Fed doesn't do its job, the market will do the Fed's job, and that is what is happening now," Ackman added...