"New King of Hedge Funds" Griffin: If the Federal Reserve cuts interest rates too quickly, its reputation may be damaged.
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Ken Griffin, the founder of the well-known hedge fund Citadel, said on Tuesday that he expects the Federal Reserve to refrain from further interest rate hikes. However, he also warned that if the Fed cuts rates too early, it may undermine the credibility of its commitment to the 2% inflation target. Griffin expressed surprise at the sharp drop in US bond yields on Tuesday and believes that the US fiscal policy is unlikely to tighten significantly next year. He still predicts a recession in the US in the second quarter of next year.
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