The Fed Needs To Start Raising Rates Immediately – Billionaire Investor Carl Icahn

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Jun 23, 2015

Carl Icahn (Trades, Portfolio) thinks that the Federal Reserve should already have started raising rates.

He isn't anti-Fed as he believes that they saved the country in 2008.

But Icahn thinks that enough is enough.

Interest rates have been kept too low, for too long.

The longer we wait to raise rates the worse the problem is going to be.

Icahn compares these low rates to the housing bubble. Everyone knew what was going to have to happen but delayed doing it.