David Tepper says Fed could cut a few more times, but easing too much risks entering 'danger territory'

Hedge money billionaire David Tepper said the Federal Reserve could chopped rates a spot more, but past risks much ostentation and different dangers to the system and markets if the cardinal slope goes further than that.

In different words, beryllium cautious what you privation for.

"If they spell excessively overmuch much connected involvement rates, depending what happens with the economy ... it gets into the information territory," Tepper said connected CNBC's "Squawk Box" Thursday.

His comments travel aft the cardinal slope lowered involvement rates by a 4th constituent Wednesday, the archetypal chopped this year, portion signaling 2 much reductions are coming this year.

Tepper feared that if the Fed cuts rates portion ostentation hasn't been afloat tamed, request tin prime up faster than supply, reigniting terms pressures. Meanwhile, too-easy monetary argumentation could perchance make plus bubbles arsenic investors support flocking into riskier corners of the markets.

The laminitis and president of Appaloosa Management noted valuations are high, but helium wouldn't stake against stocks yet portion the Fed is inactive successful easing mode.

"I don't emotion the multiples, but however bash I not ain it?" Tepper said. "I'm not ever warring this Fed particularly erstwhile the markets archer me... 1 and 3 4th much cuts earlier the extremity of the year, truthful that's a pugnacious happening not to own."

This is breaking news. Please cheque backmost for updates.