Griffin, the founder of Citadel Securities, stated that as the Fed shifts its focus to the labor market, he expects the Fed to cut rates again in 2025. Griffin said, "I think they will cut rates again this year, at most twice. The Fed is concerned about the labor market, as we have indeed seen a decrease in the number of new job positions." Griffin said, "It is difficult to know exactly where we are in the labor market now. What we do know is that without immigration inflow, the growth of the US population would be much lower, which would reduce our ability to create new job positions." As the founder of a large hedge fund and market maker company, Griffin has always advocated for the independence of the Fed. Griffin also opposes Trump's proposal to have publicly traded companies report financial performance every half year instead of every quarter. He told CNBC that he does not understand the benefits of hiding information from the market.
All Comments