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Fortune

Nino Paoli

Ken Griffin has a warning for Trump and the GOP: 'I would not underestimate how grating a 3% inflation rate could be' on Americans

Ken Griffin Donald Trump US Federal Reserve Inflation Kenneth C Griffin the White House

Kenneth C. Griffin speaks at TIME100 Impact Dinner: Leaders Shaping the Future of Philanthropy at ASPIRE at One World Observatory on May 22, 2025 in New York City. (Credit: Craig Barritt/Getty Images for TIME)

For Citadel CEO Ken Griffin, the political implications of still-elevated inflation are not lost on him.

Inflation has come down a lot from 9% in 2022 to 2.9% in the government’s latest CPI report. Core PCE prices, the Fed’s favorite gauge of inflation, rose 2.9% in August, matching July’s climb.

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