Bill Ackman suggests Fed should pause on rate hikes on Wednesday

Billionaire investor and Pershing Square CEO Bill Ackman said the U.S. Federal Reserve should pause its interest rate hikes, as the Federal Open Market Committee meeting kicks off Tuesday.
Noting that markets have seen “major shocks” with the closures of U.S. banks, Ackman said the banking crisis “remain unresolved” and that higher rates will not help with the situation.
“This is not an environment into which the @federalreserve should be raising rates and adding additional pressure on the system as financial stability is the Fed’s first responsibility,” he said in his tweet