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Paul Tudor Jones says rates would be much higher if he was running the Fed

CNBC
Paul Tudor Jones says rates would be much higher if he was running the Fed

Paul Tudor Jones upped his criticism of the Federal Reserve, saying that the central bank is way behind the curve when it comes to interest rates. In fact, the reclusive hedge fund magnate said the Fed's benchmark interest rate should be about double where it is now. Asked what monetary policy would look like if he was in charge, he said, "I think rates would be 150 basis points higher right now. It's where they should be." "We've got 3.8 percent unemployment and negative real rates," he told CNBC's Andrew Ross Sorkin during an interview on "Squawk Box" Tuesday. Tudor Jones is a legendary trader and macroeconomic hedge fund manager who is worth more than $4 billion, according to Forbes. He rarely