Fed screwed up by letting zero interest rates go on too long: Sam Zell

The Fed 'screwed up' by letting zero interest rates go on for too long, billionaire investor Sam Zell says

The US labor market is tight and inflation has been moderating, with January's reading coming in at 6.4% — the lowest level in over a year. That's boosted some investors' hopes that the Fed can pull off a soft landing, and bring inflation down without the US slipping into a recession.

For him, the definition of inflation cooling shouldn't be coming down from 9% to 6%."The point is, 6% is a serious problem," he said.

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