Posted 1/30/2024, 5:48:00 PM
Griffin Warns Reckless Spending Could Undermine US Credit, Sees Fed Rate Cuts on Cooling Inflation
- Cooling inflation could give the Fed room to start cutting interest rates this summer
- Griffin cautioned against the growing fiscal deficit in the US, calling it a "reckless level of federal spending"
- The federal deficit could lead to a loss of confidence in the US' creditworthiness in 7-10 years
- Griffin attacked the Biden administration's perceived anti-business stance and regulations
- Griffin's hedge fund Citadel plans to give back $7 billion in profits to investors after another highly profitable year