Citadel founder and CEO Griffin says Fed should cut only slowly - warns of devastation ...Middle East

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Citadel founder and CEO Griffin says Fed should cut only slowly - warns of devastation
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Ken Griffin is the founder and CEO of Citadel. He was speaking at a conference in Florida. Griffen is worried the Fed cuts too soon and too fast:“If I’m them, I don’t want to cut too quickly,” “The worst thing they could end up doing is cutting, pausing and then changing direction back towards higher rates quickly. That would, in my opinion, be the most devastating course of action that they could pursue.” “So I think they are going to be a bit slower than what people were expecting two months ago in cutting rates. I think we are seeing that play out”On Tuesday in the US we had data showing inflation accelerating:US February core CPI 3.8% y/y versus 3.7% y/y expectedUS dollar is all over

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