[Bill Ackman: The Federal Reserve May Abandon the 2% Inflation Target] Jin10 News, January 12 – Bill Ackman, CEO of hedge fund Pershing Square Capital Management, stated that the Federal Reserve might abandon its 2% inflation target. Although the market generally expects the Federal Reserve to implement several more rate cuts, he remains cautious about this outlook. Speaking at the 2026 UBS Asia Wealth Forum, he noted: 'Many strong forces will drive the economy and the overall market, making it hard to envision an environment completely free of inflationary pressures.' He predicts that the Federal Reserve will instead set the inflation target in the 2.5%-3% range.