KBWB - Citadel's Ken Griffin Says Fed Must Keep Rates 'Higher For Longer' | Benzinga
Citadel CEO Ken Griffin joined CNBC's "Power Lunch" Monday and discussed inflation, interest rates and the influence of AI on the American workforce.
What Happened: The Federal Reserve held interest rates steady at its May meeting, marking the sixth consecutive meeting without a rate change. In an interview on CNBC this week, Griffin said the Fed is making the right decision by leaving rates unchanged as he believes rates should remain unchanged for the foreseeable future.
"They've got to stay with higher rates to bring inflation back in check," Griffin said. "They need to bring inflation down over time."
The billionaire hedge fund manager noted that inflation has come down in goods, but remains elevated in ...