Billionaire Ken Griffin Warns of Inflationary Pressures Amid President Trump’s Attempt to Onshore Manufacturing

Billionaire hedge fund manager Ken Griffin says President Donald Trump’s efforts to bring manufacturing back to the United States will bring inflationary pressure.

Griffin argues in a new interview with Bloomberg that Trump should instead be working to keep the “inflation devil in the bottle.”

“What frustrates me on this is that one of the reasons that Trump won the election was the American people had had enough inflation. They wanted a break from seeing their standard of living deteriorate by the ever-increasing price of goods and services. And so I really do think that the president needs to think long and hard about the necessity of helping to protect the standard of living of the American people.” 

Griffin founded the capital markets firm Citadel Securities and the investment giant Citadel, a separate entity. He currently serves as the chief executive of Citadel and the non-executive chairman of Citadel Securities.

The Citadel CEO also questions the wisdom of bringing low-paying manufacturing positions back to the US, noting that China is trying to offload some of the jobs in that sector to even lower-cost labor countries.

“I don’t understand why we think it’s a virtue to bring back to America low-skill jobs in manufacturing. I completely agree with the president – we need the ability to ramp up our manufacturing base to strengthen our national defense. Spot on, right. But I don’t think the American people are looking for a return to low-skill, low-paying manufacturing jobs in our country. I don’t think they want those jobs.” 

 

Follow us on X , Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney