In a bold op-ed, hedge fund billionaire Ken Griffin criticizes President Trump’s attacks on the Federal Reserve, warning that undermining its independence could lead to higher inflation and long-term economic consequences. Could this strategy backfire and hurt senior voters in upcoming midterms?
The Federal Reserve has maintained interest rates for the fourth consecutive meeting, projecting weaker growth and rising inflation this year. Despite this, they anticipate two rate cuts later in 2023 as they navigate economic uncertainty.
