Bill Ackman sees higher inflation for longer, remains short on bonds

Pershing Square Capital CEO, Bill Ackman, posted on X.com (formerly Twitter) commenting on The Federal Reserve's decision to keep rates steady. Ackman stated that he feels that while the Fed is committed to the 2% inflation goal, it remains unlikely that they will reach that goal in the near future. Fed Chair Powell has warned rates will likely stay higher for longer. Yahoo Finance's Seana Smith and Brad Smith discuss Ackman's comments and how the current economic landscape, including ongoing worker's strikes, will keep most likely inflation up. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.