Back to today’s briefing

Story perspectives

Ken Griffin Warns Tariffs Fuel Inflation, Fed Independence Crucial

9/25/2025

26 3

Summary

Story summary

Ken Griffin, CEO of Citadel, says tariffs' inflation impact is not yet fully felt.
He foresees only one more Federal Reserve rate cut in 2025 and 2-3% inflation next year.
Griffin notes tariffs raise import costs, contributing to inflation.
He stresses Fed independence amid political pressure from President Trump, warning presidential influence could hinder the Fed's decisions.

1 of 1

Story summary

Ken Griffin, CEO of Citadel, says tariffs' inflation impact is not yet fully felt.
He foresees only one more Federal Reserve rate cut in 2025 and 2-3% inflation next year.
Griffin notes tariffs raise import costs, contributing to inflation.
He stresses Fed independence amid political pressure from President Trump, warning presidential influence could hinder the Fed's decisions.