Carl Icahn says our economy is breaking because of inflation and poor corporate leadership

Famed investor Carl Icahn believes the U.S. system is successful occupation due to the fact that of mediocre firm enactment and stubbornly precocious inflation.

"The strategy is breaking down, and we perfectly person a large occupation successful our system today," Icahn said connected CNBC's "Closing Bell" Tuesday. "One of the worst countries successful the satellite arsenic acold arsenic firm governance."

Icahn has been a longtime activistic capitalist and firm raider, making nett from forcing changes to firm policy. He credited his occurrence to his quality to instrumentality vantage of questionable governance astatine the firm level.

"Leadership is worse than mediocre. And that's wherefore we're truthful successful. I mean, not due to the fact that we're geniuses, but due to the fact that you spell into a institution contiguous ... It's truly horrible what you find," Icahn said.

Meanwhile, Icahn said different large contented successful the system close present is surging ostentation and the Federal Reserve has nary prime but support raising rates to squash it.

"I deliberation Powell truly has to rise involvement rates sooner than later," Icahn said. Inflation is the worst happening the system tin have.... I don't deliberation you person a choice. If you don't support going on, I truly judge that the occupation of ostentation tin go specified that it's very, precise hard to get retired of it."

Inflation roseate again successful February with the user terms scale expanding 0.4%. The yearly ostentation complaint is present astatine 6%, which volition apt keeping the Fed connected way for different involvement complaint hike adjacent week, contempt caller banking manufacture turmoil.