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Ken Griffin Says Fed Needs 4% Inflation This Year to Avoid Recession

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Ken Griffin Says 4% Inflation Needed to Avoid Recession
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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.