Ken Griffin, Citadel's founder and chief executive, said Monday he is unsure when the Federal Reserve may be able to cut interest rates this year, but it may come in December.
Ken Griffin , Citadel 's founder and chief executive, said Monday he is unsure when the Federal Reserve may be able to cut interest rates this year, but it may come in December. Speaking at the Milken conference, Griffin said two factors may make it more difficult for the Fed to cut rates soon: stickier inflation in services and the U.S. presidential elections in November.
"Big picture, we're making the right call by being more hesitant to cut rates," he told the audience. The hedge fund founder, who has donated more than half a billion dollars to Harvard University, said he continues with his decision taken in January to halt donations to the school over how it handled antisemitism on campus.
Citadel Federal Reserve Rate Cut
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