Ken Griffin
๐ค SpeakerAppearances Over Time
Podcast Appearances
This is a real issue.
And when the White House...
usurps control of the Fed, even if they don't actually have it as a practical matter, if they're perceived to control the Fed...
then if inflation rears its ugly head, the president can't blame the chair of the Fed.
The buck stops on his desk.
So I don't know why President Trump wants to take that risk in an environment where the outlook for inflation is so difficult to forecast or predict.
And there is, again, a lot of pro-inflationary pressures that have been created by the changed labor markets, the high fiscal deficits.
That is fiscal stimulus.
And of course, right now, the relatively easy monetary policy.
I think the president has a number of really good people to choose from for the role.
I don't think throwing my sort of choice into the mix helps to add anything to the argument or decision at hand.
I think the president will hopefully make a decision from the perspective of who will give
the global markets and the American investing public and the American consumer the greatest peace of mind that we will manage inflation in America.
I actually don't think that that's as important as the ability of that candidate to make it clear to the House of Representatives, or the Senate in this case, and the American people that
that they will make the decisions that need to be made to protect the long-term interests of the US economy.
No, I think actually we've been pretty spot on with that forecast so far.
Now, what has happened over the last two years is actually, though, a very important and powerful story.
In the C-suite of corporate America,
is a greater focus on how do you use technology to increase productivity.
It may not be generative AI, but there's a reawakening to the importance of using technology to empower business outcomes.