Citadel’s Griffin Says Fed Should Go Slow to Avoid ‘Devastating Course’
- Citadel founder says rate cuts will be slower than expected
- NYCB rescue was the ‘right price’ for the investment, he says
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Citadel founder Ken Griffin said the Federal Reserve should move slowly in lowering interest rates to avoid the possibility of having to reverse course later.
“Pausing and then changing direction back toward higher rates quickly, that would, in my opinion, be the most devastating course of action to pursue,” Griffin said Tuesday at the Futures Industry Association conference in Boca Raton, Florida. “So I think they’re going to be a bit slower than people were expecting.”