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
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citadel's Griffin says Fed's first rate cut may come in DecemberCitadel's Griffin says Fed's first rate cut may come in December
Read more »
Fed's Williams says next Fed move likely to be lower ratesFed's Williams says next Fed move likely to be lower rates
Read more »
Fed's Williams: Outlook is uncertain, Fed must be data-dependentFederal Reserve (Fed) Bank of New York President John Williams said on Thursday that the Fed must be data-dependent as the outlook remains uncertain, per Reuters.
Read more »
Nancy Mace to deliver Citadel address 25 years after her historic graduationRep. Nancy Mace will deliver the commencement address for the CItadel's 2024 Corps of Cadets on Saturday.
Read more »
Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short-selling letterCitadel Securities, whose founder is Ken Griffin, was mentioned in a the letter by Trump Media CEO Devin Nunes. Donald Trump owns most DJT shares
Read more »
Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short selling letterCitadel Securities, whose founder is Ken Griffin, was mentioned in a the letter by Trump Media CEO Devin Nunes. Donald Trump owns most DJT shares
Read more »