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