Citadel's Griffin warns Trump tariffs drive inflation higher

Investing.com -- Citadel CEO Ken Griffin stated that U.S. tariffs have led to higher inflation and disrupted long-standing trading relationships, speaking at the World Economic Forum in Davos on Wednesday.

"We’ve seen higher inflation due to the tariffs," Griffin said during his appearance at the global economic conference.

The billionaire hedge fund manager expressed concern about President Donald Trump’s monetary policy preferences, warning that "the easy money policies that Trump is trying to encourage the Fed to pursue increases the risk of inflation, and I think puts both he and his party in a more precarious position."

Griffin also noted that the United States is in a more fiscally precarious position than it has been in decades, though he added that "we have the resources in the US to service our debt for the foreseeable future so there’s a sense of tranquility."

In his wide-ranging remarks, Griffin criticized U.S. foreign policy, saying the country has "frayed our relationship with European allies in ways that I don’t understand." He also mentioned that the United States has access to place military bases in Greenland as it sees fit.

On a positive note for businesses, Griffin highlighted that "the end of the regulatory onslaught is in and of itself an extraordinary boost to American business."

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