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AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

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AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons

2

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

3

MacKenzie Scott's approach to her $26 billion giving spree was inspired by a book she read in college about writing
FinanceEconomy

Carl Icahn: Fed interest rate policy ‘could be disastrous’

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Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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September 29, 2015, 8:28 AM ET
CNBC Events - Delivering Alpha 2015
CNBC EVENTS -- Pictured: Carl Icahn, Chairman, Icahn Enterprises, at the 2015 Delivering Alpha Conference on July 15, 2015 -- (Photo by: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images)Photograph by Adam Jeffery — CNBC/NBCU Photo Bank via Getty Images

There’s danger ahead for the U.S. economy, activist investor Carl Icahn warned in a video released Tuesday.

In a 15-minute video, Icahn warned that continued low interest rates set by the Federal Reserve “could be disastrous” and cause asset bubbles, according to Business Insider.

Icahn’s video was also a chance for the billionaire to throw further support behind Republican presidential candidate Donald Trump. The candidate asked Icahn to be his potential Treasury Secretary in July–an offer Icahn refused, telling Trump that he had a “day job.” But Icahn is still very much a Trump supporter.

“I don’t think the other guys understand the major problems we face,” Icahn previously said about the other candidates, according to USA Today. “I grew up on the streets in Queens. I never could have been this successful in any other country in the world. I hate to see it go down the tubes and that’s what’s sort of happening. We’re losing our hegemony. I really believe it.”

Icahn says that the low Fed rates have encouraged chief executives to pursue “financial engineering.”

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