Billionaire investor and so-called SPAC King Chamath Palihapitiya said the zero interest rates the Federal Reserve allowed to persist for years created the "perverted" market conditions he benefited from at the height of the pandemic. "We are learning what went wrong, which is that we had a decade-plus of zero interest rates," Palihapitiya said of the market. Low interest rates mean lower returns on savings accounts, which can encourage more spending in the economy, which can be a boon for high-growth assets. So on the same way that I sort of blame Jay Powell for zero interest rates, I think I massively benefitted from Powell, and Bernanke and Janet Yellen before," he said, referencing past Fed chairs. WATCH: Chamath Palihapitiya unwinds two SPACs, cites high valuations and market volatility

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