Ken Griffin Advocates Caution: Urges Fed to Proceed Slowly with Interest Rate Cuts Amid Stubborn Inflation
At the International Futures Industry conference, Citadel CEO Ken Griffin advised the Federal Reserve to exercise patience in reducing interest rates to combat persistent inflation. Griffin warned against hasty rate cuts followed by abrupt reversals, emphasizing the need for a measured approach. He highlighted ongoing inflationary pressures stemming from government spending and deglobalization trends. With inflation remaining above the Fed’s target, Griffin’s remarks suggest a cautious stance ahead of the Fed’s upcoming policy meeting. (CNBC)
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