REUTERS/Chip East
- Carl Icahn sounded the inflation alarm and urged the Fed to keep hiking interest rates.
- The investor framed SVB's failure as a symptom of poor management and reckless spending in the US.
- Icahn predicted more bad companies would be exposed, and warned stocks are likely to tumble.
Carl Icahn has called on the Federal Reserve to keep hiking interest rates until it crushes inflation, and framed Silicon Valley Bank's failure as part of a wider problem of reckless spending and mediocre management.
The billionaire investor and Icahn Enterprises chairman has also predicted poorly run companies will be exposed as the economy weakens, and warned stocks are poised to tumble.