Billionaire hedge-fund mogul offers frank words about the Fed

There’s a ton of chatter around the U.S. economy, with the Fed’s independence on the line and recession risks rising again. The August jobs report barely moved the needle (+22,000; jobless rate 4.3%), a remarkably soft print that feeds into the cooling demand narrative. At the same time, ISM Manufacturing was mostly in contraction at 48.7, reinforcing that growth is losing steam. What’s worrying is that it comes even without the likely policy shock. Adding to the mix, billionaire hedge-fund mogul Ken Gr ...