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.”