Citadel founder Ken Griffin said the Federal Reserve will be able to ease off monetary tightening if inflation drops to 4% by year-end.
That “will give the Fed much more latitude in policy,” Griffin said Monday in a wide-ranging interview with Bloomberg’s Erik Schatzker at the Milken Global Conference in Beverly Hills. But if it remains near or above the current 8.5%, the central bank “will have to the hit brakes pretty hard,” tipping the economy into recession.
