Financial guru Bill Ackman predicts the Fed could cut interest rates more than expected by 2024

Billionaire hedge fund manager Bill Ackmann predicted the Federal Reserve could cut interest rates more than three times this year, and that should start very soon. So I think they're going to have to move early,' Ackman, CEO of hedge fund Pershing Square, said during an interview on CNBC Squawk Box on Friday. Federal Reserve: projections for future cuts.