Einhorn’s Greenlight Slams Powell on Inflation

Why the hedge fund manager thinks rising prices aren’t transitory and will worsen over time.

(Samuel Corum/Bloomberg)

(Samuel Corum/Bloomberg)

David Einhorn is worried about rising inflation, and he heavily points his finger at one person for making it worse than it had to be: Federal Reserve chairman Jerome Powell.

In Greenlight Capital’s third-quarter letter obtained by Institutional Investor, the struggling hedge fund manager cynically noted the Fed and Powell specifically went from characterizing inflation as “transitory” to “frustrating.”


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