One endouring theme of President Donald Trump’s Second Term so far has ben the ceos, institutions, and name brands that have chosen to the Commander in Chief Instead of Criticize Him.
A Rare Outlier: Ken Griffin.
The Billionaire Hedge Fund Founder Coautored an Opinion piece In the Wall Street Journal on Sunday, Deriding Trump’s Attacks on the Federal Reserve’s Independence. The piece offended full-throated support for a fed “free of the undue interference from the executive branch,” an important signal from the inventing world.
HIS OP-ED ALSO HITS ON SEVALL WELL-KNOWN THEMES TO THose who follows the miami-baed billionaire, namely, the need for the uss of government spending. Griffin, a gop megadonor who voted for Trump and Praised the Work of Elon Musk’s Doge, has been critical of the administration on tariffs and immigration.
Business Insider Recently Reported that Griffin, WHO FOUNDED CITADEL AND MARKETMAKER CITADEL Securities, is Focused on “Police and Principles” when he speaks publicly or donates to crampaigns or causes. While his political giving has gone exclusively to republican candidates recently, he notably did not Back Trump’s Reelection Campaign.
While it was popular during trump’s first term for Companies to reiterate their commmitments to diversity or benefits of immigration, this time Around Ceos like COOK HAVE GONE OF THEIR WAY TO THANK TRUM Pay up instead of Fighting.
Trump has puffed for Fed Chair Jerome Power to Lower Interest Rates for Months, and This Weekend, Treasury Secretary Scott Bed Blamed Poor Powell’s Powell’s to Cut Borrowing Costs. Trump Also Firehed the Head of the Bureau of Labor Statistics AFTER A DISAPPOINTING Jobs Report, which has raised Questions over the Trustthiness of Government Data.
But the World’s Most Important Central Bank Needs to Be Allowed to Pursue Its Dual Mandate, Griffin Wrote, of “Safeguarding Employment” and Bringing Inflation Down 2%. “History Shows the Danger,” If Trump Forces The Bank to Throw Away Part of this Mandate, Griffin Wrote With University of Chicago Professor Anil Kashyap.
“In the 1970s, the White House Pressure the Fed to KEEP interest rates artificially Low,” The Authors Warned.
“The Central Bank’s Relationship to Tighten Policy As Inflation Accelered Contributed to A Prolonged Surge in Prices, Regarded As One of the Fed’s Greatest Failures.”
Other Executives, Including JPMORGAN Chase Ceo Jamie Dimon, have spoken about the importance of an independent fed directly calling out the white house. Griffin, Whose Political Stature is as High as Its Ever Been, has been one of the Few Business Leaders to Go a Step Further and Criticize Trump for His Intervention.
“Together, these camelopments highlight risk that recall experiences in emerging markets where politics influence eroded institutional credibility.