Bloomberg Talks Citadel CEO Ken Griffin Talks Tariff Turmoil
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May 13, 2025 
Ken Griffin, the founder and CEO of Citadel, shares his insights on financial market dynamics and the recent trade tensions between the U.S. and China. He reflects on the volatility faced by investors, noting that sometimes it's wiser to remain in cash rather than engage in active trading. The conversation also delves into U.S. tax policy's impact on economic growth and the balancing act of fostering innovation while managing national deficits. Griffin emphasizes the complex relationship between inflation, job creation, and manufacturing challenges in today's economy.
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Inflation from Manufacturing Reshoring
- Forcing manufacturing back to the US inevitably raises inflation.
- Protecting American living standards requires careful inflation control.
Fed Chair's Tough Balancing Act
- Fed Chair Powell faces a no-win dilemma balancing rate cuts against inflation risks.
- Tariffs add complexity to monetary policy amid uncertain economic signals.
High-Value Manufacturing Focus
- Bringing back low-skill manufacturing jobs isn't desirable or realistic in the US.
- The goal should be high-value, well-paying manufacturing to spur growth and defense.