Billionaire Ken Griffin mentioned the setup for a US recession is unfolding, with the Federal Reserve needing to lift rates of interest additional after Individuals have been stung with “traumatic” ranges of inflation. The founding father of Citadel mentioned the Fed is restricted in how a lot it may well struggle inflation with interest-rate will increase, likening the software to “having surgical procedure with a uninteresting knife.” Griffin spoke to Bloomberg’s Felipe Marques in unique interview in Palm Seashore, Florida.
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