Ken Griffin is founder and CEO of the Citadel hedge fund, he spoke in an interview with CNBC.
In summary:
Citadel CEO Ken Griffin warned that Trump’s tariffs act like a “sales tax,” disproportionately hurting working-class Americans trying to make ends meet.
Griffin said Trump must focus on managing inflation, which he called the “primary scorecard” for voters ahead of the midterm elections.
He cautioned that higher tariffs may trigger stagflation (said stagflation is a modest risk) — a mix of inflation and slower growth.
Griffin noted the success of Trump’s plan hinges on the interplay of trade policy, tax cuts, and deregulation, as outlined by Treasury Secretary Scott Bessent.
Whether this strategy drives needed economic growth remains an open question, Griffin said.
This article was written by Eamonn Sheridan at www.forexlive.com.
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