Bill Ackman urges the Fed to pause interest-rate increases because the banking crisis is not yet over

• Bill Ackman urged the Fed to hold off its inflation battle – calling for a pause in interest-rate increases.
• "This banking crisis remains unresolved and higher rates won't help," the billionaire investor said.
• The US central bank is due to announce its latest monetary-policy decision Wednesday amid the continuing banking turmoil. 

Bill Ackman wants the Federal Reserve to suspend its battle against inflation fight as the banking crisis remains unresolved. 

In a tweet on Monday, the founder and CEO of hedge fund Pershing Square Capital Management called for the central bank to pause its campaign of interest-rate increases at Wednesday's much-anticipated meeting.