A hedge fund billionaire who voted for Donald Trump in the last election has lashed out at the president for his pressure tactics against the Federal Reserve.
Kenneth C. Griffin, the CEO of Citadel and a major Republican donor, penned a scathing article for The Wall Street Journal alongside Anil Kashyap, a University of Chicago professor and adviser to the Chicago Fed.
Griffin, who is worth an estimated $50.4 billion, and the adviser warned that Trump is playing a “risky game” by feuding with the nation’s central bank, which could have disastrous consequences for the economy.
“President Trump and his administration have made controlling inflation a priority. Lower inflation should naturally produce lower interest rates. But statements and actions that undermine the independence of the F