Ken Griffin

interconnectedness not just through foreign policy, but through industrial connectivity.

And unfortunately, as you know, the history of tariffs is that companies tend to retreat back to their domestic market, where, to be perfectly blunt, they can provide an inferior product at a higher price point to a disillusioned consumer, and they ultimately become uncompetitive on the world stage.

So ironically, the administration has pushed towards higher tariffs.

If we just look at the history of where this has been done around the world, it's usually a story of retrenchment or retracement from your global position to a more local position.

That's the wrong direction of travel for the United States of America.

I have a team of people who are in constant dialogue with members of the administration, the House, and the Senate.

And we've been pretty vocal on this over the course of the last several months.

I mean, from my perspective, the right economic policies, the right policies on immigration, the right policies on education, the right policies on culture can have a profoundly positive impact on the United States for decades to come.

And with one party control, which is relatively rare in American history, you do have a two-year window here to effectuate those changes and to really, to help the president realize his dream of making America great again.

I mean, I do believe that his actions and choices come from a good place, but I do wish that he had better advisers.

that were better grounded in economic theory in particular to lead this country to a more prosperous future.

Look, I think it's a...

It's a very different, let me just give you this succinct answer.

Why does Fed independence matter?

Because from time to time, the Fed has to make choices that are really politically unpopular.

That's why you want Fed independence.

You want the Fed to be independent so that when you have to raise rates to break the back of inflation, it's going to happen.

And if the Fed is viewed as being politically captive,

Which politician do you think, on either side of the aisle, is going to argue to raise rates and to slow the economy down and cause millions of people to lose their jobs?

Can you name a politician who would do that?