Billionaire investor Leon Cooperman warns of sticky inflation and looming recession - and flags the threat of financial disaster

• Leon Cooperman warned of sticky inflation, higher interest rates, and a potential recession.
• The billionaire investor blamed senseless fiscal and monetary policy in an interview with Insider.
• Cooperman called on US authorities to clean up their act before they plunge the country into crisis.

Short-sighted officials have paved the way for stubborn inflation, steeper interest rates, and a full-blown recession, Leon Cooperman told Insider in an interview this week.

The billionaire investor railed against years of "very inappropriate" monetary and fiscal policies, saying they've driven demand to unsustainable highs and caused the government's debt pile to balloon.