Citadel's Ken Griffin Says Recession Will Happen and It's Only a Question of When or How Hard

10/20/2022

Per CNBC and Bloomberg

Citadel CEO Ken Griffin said the FEDs have a very limited tool kit; they can raise interest rates. When asked about a recession, he said that it will happen and that it is only a question of when or how hard it will hit.

Ken Griffin: "You raise rates today; it impacts very small sectors of the economy very sharply. The follow-on knock-on effects will take six to eight months to play out."

Citadel gained 29% year-to-date despite the inflation rate of 8.20% in September.

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