Citadel founder Ken Griffin knocked the Trump administration for a series of moves he said would undoubtedly cause stagflation.

Griffin, who’s notably criticized the president’s trade policies, slammed the White House for promoting tax reductions amidst a fiscal deficit.

“It would be a textbook stagflation scenario. The question is, is it for several quarters, or does it become for several years?” he asked during remarks at Forbes Iconoclast Summit on Thursday.

Griffin voted for Trump in 2024, but has vocalized apprehensions on the slated impact of tariffs alongside other billionaires and business owners.

“The question is, is the shock from the tariff policies one time in nature, or will the scramble to build manufacturing America put us into a wage growth spiral for years to come,” th

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