Billionaire Ken Griffin says Trump playing risky game with Fed |
Count billionaire Ken Griffin as one of those in the business community questioning President Trump's hostility toward the Federal Reserve.
Griffin, the founder and CEO of Citadel and a supporter of the president, criticized Trump's "interventions" in central bank policy in a Wall Street Journal op-ed published Sunday.
"While the U.S. benefits from a large stock of credibility accumulated over decades, it isn’t limitless," Griffin wrote in the op-ed he co-authored with University of Chicago Business School professor Anil Kashyap. "If eroded, markets will demand far higher interest rates for longer-term debt."
Trump has pushed Fed Chair Jerome Powell to lower interest rates for........