Citadel’s Ken Griffin sees high inflation lasting for decades

Billionaire Ken Griffin, head of hedge-fund manager Citadel, said higher baseline inflation may go on for decades, caused by structural changes that are pushing the world toward de-globalization.

  • Griffin said this will have an impact on the cost of funding the U.S. deficit.
  • He added that the U.S. is “spending on the government level like a drunken sailor,” and that higher interest rates are something the government hadn’t counted on “when we went on the spending spree.”

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