US EditionPublished • loading... • Updated
Billionaire Ken Griffin says Trump playing risky game with Fed
Ken Griffin cautions that political pressure on the Federal Reserve risks increased borrowing costs amid a $37 trillion national debt, threatening economic stability and investor confidence.
- GOP Megadonor Ken Griffin criticized Donald Trump for playing a "risky game" by involving himself with the Federal Reserve, stating this could risk higher interest rates and inflation.
- Griffin emphasized that Trump's public criticism of the Federal Reserve and dismissal of its governors is damaging to economic credibility.
- In an op-ed, Griffin and professor Anil Kashyap noted that political interventions in economic data diminish institutional credibility.
- Griffin warned that if the Federal Reserve loses independence, it will struggle to make tough decisions necessary to control inflation.
Insights by Ground AI
Podcasts & Opinions
27 Articles
27 Articles
'Shame on the administration': Top GOP megadonor rallies investors against Trump
Trump megadonor and billionaire hedge fund manager Ken Griffin isn't afraid to criticize President Donald Trump or those who enable him. In a Wall Street Journal (WSJ) opinion piece published Sunday, the founder/CEO of investment behemoth Citadel criticized Trump's attacks on the Federal Reserve and challenged the credibility of economic data used by the administration to justify the firing of the head of the Bureau of Labor Statistics. And the …
·Washington, United States
Read Full Article
Coverage Details
Total News Sources27
Leaning Left6Leaning Right3Center14Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 26%
C 61%
13%
Factuality
To view factuality data please Upgrade to Premium
