No. of Recommendations: 1
If you don't think Kens opinion is material, don't read it, simple.
" Ken Griffin has warned that Trump’s pressure on the Fed and dismissal of officials risk eroding U.S. institutional credibility and driving up long-term borrowing costs. He cautioned that once confidence is lost—as seen in past crises from Nixon’s Fed battles to Liz Truss’s meltdown in the U.K.—it is costly to rebuild.
While you’d be hard-pressed to find a financial expert who believes the Fed is perfect, you’d have to search even longer for an economist who believes political meddling in the central bank is a good idea.
Many on Wall Street are nervously eyeing just how far the White House is going to press into the Jerome Powell-led institution. The battle has been over the lowering of the base rate, as President Trump wants, and shaping the members of the Federal Open Market Committee more closely to the direction the Oval Office wants to take the economy."
https://www.aol.com/finance/ken-griffin-lays-down-... 