Ken Griffin Says Markets Are Unprepared for Inflation
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U.S. markets are “utterly and completely unprepared” for the possibility that inflation might pick up after years of subdued price gains, hedge fund manager Ken Griffin said.
“In the United States there is absolutely no preparedness for an inflationary environment,” Griffin, founder of $30 billion hedge fund Citadel, said at an Economic Club of New York luncheon on Thursday.