Ken Griffin

and have been successful in implementing are actually the very policies that tend to be pro-inflation.

Some of the other policies, for example, deregulation, are just going to take longer to play out.

And ultimately, ultimately deregulation, which should unleash productivity gains, will create a reduction in inflation, a very healthy reduction, but we need to get to that point in time.

Look, I think there's no doubt that the president inherited an environment that was still struggling with inflation, but the easiest parts of his agenda to implement were, unfortunately, when it comes to the issue of affordability or the issue of inflation, were those policy choices that actually most fuel inflation, right?

The curtailing of the labor markets,

The clear-cut inflationary pressure of tariffs, those were easy things for the president to implement, and unfortunately, they have continued to lead to this inflationary environment that we live in.

So I think it's going to be hard to roll back tariffs writ large unless the Supreme Court makes a pretty bold decision.

And I only say that because the Supreme Court's going to face the challenge of, does it want to take on the president with respect to one of his single most important policy wins from the perspective of the White House?

Does the Supreme Court really want to take that issue on?

As a matter of law, I hope they do, and I hope they take it on with a very thoughtful and reasoned opinion, but that's gonna be a tough call for the Supreme Court to make.

Now, having said that,

We have seen the rollback of tariffs, in particular in products that consumers put in their grocery cart.

The president's getting the message from the front lines, from the congresspeople that serve our people, that the voters are angry about inflation and they're looking for ways, they're looking for ways to help to address the issues of affordability.

It was very interesting, I was with a group of business executives and the president, he was very much listening for ideas

on how to address the issues of affordability in America.

He cares about this issue.

Well, Miami-Dade County has had a Democratic mayor actually for quite a bit of time now.

And Miami just recently elected a Democrat to be the mayor of the city of Miami.

And I think there's a stark contrast between the Democratic leader-elect of Miami and the leader-elect of New York City.

The leader-elect of New York City ran on a set of policies that will either be impossible to implement or that will come with a draconian long-term cost to the city of New York.