Hedge fund founder Ken Griffin warned Thursday that inflation could persist for decades, citing U.S. government spending.
Griffin, the founder of Citadel, warned that the high U.S. budget deficits were unsustainable while at the Bloomberg New Economy Forum in Singapore, according to the New York Post. The federal budget deficit hit roughly $1.7 trillion for fiscal year 2023, according to an Oct. 21 release from the Treasury Department. (RELATED: Rand Paul Warns Of Potential ‘Disaster’ For Taxpayers If Spending Bills Pass)
Griffin said the U.S. government failed to plan for inflation when it “went on the spending spree that created a $33 trillion deficit,” the Post reported.
NEW YORK, NY – NOVEMBER 12: Founder and CEO at Citadel LLC Kenneth C. Griffin participate in a discussion at the New York Times 2013 DealBook Conference in New York at the New York Times Building on…
