One of the richest men in the United States warned that a U.S. recession is inevitable and called on the Federal Reserve to keep raising interest rates to combat rising inflation.
In a recent conference, Citadel founder and investor Ken Griffin said a recession or downturn seems inevitable in what appears to be a “hard landing” scenario. That’s when Fed’s efforts to reduce soaring prices could lead to higher unemployment rates along with a slowdown in U.S. economic growth.
