Citadel's Griffin says Fed's first rate cut may come in December
Beverly Hills - Ken Griffin, Citadel's founder and chief executive, said on Monday that he is unsure when the Federal Reserve may be able to cut interest rates this year, but it may come in December.
Griffin said inflation may ease around the election period, but that could make the Fed more afraid of cutting rates then because it could be interpreted as a political move. In that case, the Fed would leave its first move for December. Griffin declined to declare his support for a specific candidate in the presidential election -- in which Democratic President Joe Biden and Republican former President Donald Trump face a rematch -- but he said names being thrown around for Trump's cabinet are "really good."
Griffin's comments come as students have protested at dozens of universities across the country against Israel's war on Gaza.
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