Ken Griffin has a warning to Trump and the Republican Party: “It will not reduce how the inflation rate can be 3 %.”

Inflation has decreased a lot from 9 % in 2022 to 2.9 % in the latest government CPI report. Basic PCE Prices, Federal Federal Influence Service, Federal Reserve, 2.9 % rose In August, July climbing match.

But inflation was sticky with the continued customs tariffs, and Griffin expected the inflation in the mid -range to 3 % next year, and remains higher than the Federal Reserve’s goal by 2 %.

“American voters have exhausted inflation,” Tell CNBC on Thursday.

In 2024, the high cost of living was a pivotal point in the Trump re -election campaign, inflation in the Biden era. They lost the White House and Congress, while Trump won the seven Swing countries.

Many voters blame democratic policies – including spending on motivation – for continuous and high costs, Exit polls He found.

“There is no doubt that the president and the Republicans have reached power on the back of frustration from inflation,” Griffin said. “I will not underestimate how the inflation rate can be 3 % for tens of millions of American families.”

Inflation can appear significantly in the mid -term elections next year, as the Republican Party is looking to defend the narrow majority in the House of Representatives and the Senate. The voters are sought by Trump’s economy.

accident Reuters/IPSOS poll It showed only 28 % of the respondents agreed to Tram’s treatment of their cost of living. A Yugov/Economic Survey Trump’s approval assessment of the economy at the lowest level ever is 35 %.

One of the indicators of the ability to afford the costs was a thorn on the Trump side: High mortgage rates. However, while Trump is looking at the Federal Reserve to relief the owner of the house, many are concerned about the political influence on the independent body.

Trump was recently criticized for his pressure on the federal reserve and threatened his independence. Critics argue that his efforts Set the loyalists To the Federal Reserve, public invitations are to reduce interest rates, and attempts to remove the sitting ruler is a clear step to influence monetary policy for political purposes.

Griffin advised that the continuation of the Federal Reserve will be in the interest of Trump.

“If you are the president, I will allow the study of the federal reserve for their work,” he said. “I would like to leave the Federal Reserve as much as possible, because the Federal Reserve often takes very painful options.”

Federal Open Market Committee Reduce interest rates By a quarter of a percent earlier this month to stimulate the slowdown labor market. The move comes after months of constant pressure from the Trump administration on the Federal Reserve Chairman Jerome Powell and the other members of the committee to reduce prices.

However, President Donald Trump was explicit about lowering prices, although this step would risk increasing prices.

Griffin has warned that Federal Reserve’s independence corrosion could lead to mixing Americans in the White House and the central bank.

“If the president is seen as controlling the Federal Reserve Bank, what happens when these painful options should be taken?”

Fortune Global Forum Returns 26 to 27 October, 2025 in Rydah. Executive chiefs and world leaders will meet for a dynamic event for the call only forms the future of business. Apply for an invitation.