Billionaire Ken Griffin said the setup for a US recession is unfolding, with the Federal Reserve needing to raise interest rates further after Americans were stung with “traumatic” levels of inflation. The founder of Citadel said the Fed is limited in how much it can fight inflation with interest-rate increases, likening the tool to “having surgery with a dull knife.” Griffin spoke to Bloomberg’s Felipe Marques in exclusive interview in Palm Beach, Florida.
#bloomberg #fed #crime #politics #chicago #finance #markets
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Citadel’s Ken Griffin is one of the most powerful and influential businessmen in the United States. As the founder and CEO of Citadel, one of the largest hedge funds in the world, Griffin wields immense financial clout and has been a vocal advocate for policies that promote economic growth and stability.
Inflation is one of the most pressing economic issues facing the United States today, and Ken Griffin has been closely monitoring the situation. Inflation is widely seen as a threat to the economy because it can reduce the purchasing power of money, increase the cost of borrowing, and lead to a decrease in consumer spending.
Griffin has been particularly concerned about the impact of inflation on fixed-income investments, such as bonds, which are widely used by retirees and other investors seeking a steady income stream. With inflation expected to rise over the coming months, Griffin has been advising clients to diversify their portfolios and seek out investments that are less vulnerable to inflationary pressures.
Another key economic issue that Griffin has been focused on is the role of the Federal Reserve in managing the economy. The Fed is responsible for setting interest rates and implementing monetary policy, and Griffin has been a vocal advocate for a more balanced approach to Fed policy.
In particular, he has called for the Fed to focus more on the long-term health of the economy and less on short-term concerns like inflation and unemployment. By taking a more strategic approach to policy, Griffin believes that the Fed can help to foster sustained economic growth and stability over the long term.
In addition to economic issues, Griffin has been an active participant in the public debate around crime and violence in Chicago, where he has lived for many years. In recent years, the city has been plagued by a surge in gun violence, with many residents and business owners feeling unsafe.
Griffin has been a vocal advocate for a comprehensive approach to reducing crime, including measures like increased police presence, better community policing, and stronger gun laws. He has also been a generous supporter of organizations working to address the root causes of violence, such as poverty, lack of educational opportunities, and substance abuse.
Overall, Ken Griffin is a leading voice in the world of finance and economics, with a keen eye for the trends and issues shaping the global economy. As the head of Citadel, he has built a powerful platform for driving positive change, and his insights and perspectives will continue to be important for years to come.
no cell no sell
This man need to run for president
The are millions of people with qualifications and expertise in the US who could have done a far a better job of interviewing ken Griffin. This is what happens when people get jobs based on the color of their skin or knows someone who knows someone. Absolutely no context, and pure insult to journalism. If you can’t speak proper English don’t try to be an English journalist.
Crime in Chicago eh? More like crime in the stock marketplace.
13:44 illinois regressive
People are dependent on their savings you say. You mean the savings you illegal rob with your naked shorting you disgusting pig
Ken Griffin is a criminal end of story. Stfu
Wow, this guy is real. He should run for president and fix all those issues that are so sorely needed in fixing.
Oh look, it’s madoff 2.0 – Kenny is a conman. Wake up.
For the Stock Market and all its corrupt. (AA, Ken Griffin, GG, JP, Finra, DTCC, GOVERNMENT, Feds, certain youtubers, etc..)
Revelations 22:12-13
12 “Look, I am coming soon! My reward is with me, and I will give to each person according to what they have done. 13 I am the Alpha and the Omega, the First and the Last, the Beginning and the End.
So embarrassing to listen to that interviewer
Ken Griffin says "capitalism is dead" due to the FED bailing out SVB. Now he cries capitalism after not long ago he shut off traders from buying GameStop and bleeding him on his short position. These bastards only cry capitalism when in benefits them. The whole banking industry is a scam, it's a legal way to steal from the working public. Stop paying your mortgage on your house your upside down on and watch the bastards squeal for more fed money. These top money managers should be prosecuted, they are criminals. Good luck catching them, they are so big and have so much influence they can't be touched.
this guy is frank underwood in real life and one the biggest monopolist in history
The interviewer should have worn a dark color (full suit). A sport coat is a no-no when conducting a business meeting.
This man is a magician- turns a stance to not taxing the rich into a spiel to protect the working class.
Scum.scum.scum
Crook!
retard level host, ken manages to hit his talking points anyway
When he referred to crime in Chicago, was he referring to citadel front running trades?
This interviewer is so clueless, making stupid assumptions, and asking really sht questions. Get someone who's worked in a HF to interview Ken ffs
Gonna be bankrupt in 10 months!!!!!
How many jobs did ken Griffin's company, citadel, create considering its' revenues & profits?