Ken Griffin says that Trump won the elections by promising inflation of lower – he must think of “long” on how to protect the living standards of Americans

• Ken Griffin maintains that while many voters have supported Donald Trump Being expecting lower inflation and improving the standard of living, Trump's pricing policies are likely to cause price increases and undermine this objective. He urges Trump to reconsider his foreign policy and warns that the reshaping of manufacturing could be intrinsically inflationary, exerting additional pressure on the already difficult role of the president of Fed, the president of Jerome Powell, in the management of interest rates in the context of economic uncertainty.

Ken Griffin believes that when the voters supported Donald Trump at the Oval Office, one of their main motivations was the conviction that he would reduce inflation and improve their standard of living.

However, a few months after the inauguration of Trump, consumer confidence suffers while the potential price increases due to Trump's pricing diet.

Consequently, the founder and CEO of Citadel encouraged Trump to think “long and hard” about his foreign policy strategy in the future.

“In the end, any effort to force manufacturing on the ground in the United States will be an inflationary,” said Griffin in Bloomberg podcast In an episode released today.

“There is no doubt about it. And what frustrates me on this subject is that one of the reasons why Trump won the elections is that the American people had had enough inflation.

“They wanted a break to see their standard of living deteriorate by the ever -increasing price of goods and services.”

From the campaign track when the president has started to float prices as a way to rebalance trade with the rest of the global economies, experts have been affected.

Their prudence has covered American isolation until the fear of trade wars, as well as price increases that should be brought back to consumers.

There is a debate on how inflationary prices can prove – after all, the strongest end of politics has not yet been felt. President Trump's “Liberation Day” prices were interrupted a little more than a week later and were reduced to 10% for the 90 -day interval.

Similarly, while prices on nations like Canada and Mexico were forward – and for a brief period, the 145% increase in Chinese imports – a stay can now be found in the prices break announced by the Treasury Secretary Scott besse.

However, even with declining rate levels, an increase of 10% coverage on all imports will probably still increase prices.

“I really think that the president must think long and hard … Protect[ing] The standard of living of the American people, “added Griffin.

A Navigators Survey From more than 5,000 voters in November, the main reasons why people supported the Republican candidate was that he reduced inflation and would improve the state of the national economy.

Likewise, in the weeks preceding the elections, aNew York Timesand Siena Collegesurveyfound that 52% of people trusted Trump to lead the economy on Kamala Harris, who scored 45%.

Griffin added that Americans may even not want to rebalance the trade deficit can open up: “I do not understand why we think it is a virtue of bringing unskilled jobs back into America. I fully agree with the president, we need the capacity to intensify our manufacturing base to strengthen our national defense – the spot.

“I do not think that the American people are looking for a return to poorly qualified and uncompromising manufacturing jobs in our country. I don't think they want these jobs.”

The impossible task of Powell

Griffin, worth $ 43 billion according to ForbesAdded that the work of the president of the Fed, Jerome Powell, is not the one he would appreciate in the current environment.

Powell was criticized directly by economist colleagues and President Trump directly, who even suggested that he would withdraw Powell from his post if he had not reduced the basic rate.

Opinions are divided on the question of whether Powell and the Federal Open Market Committee should normalize the basic rate to compensate for any economic slowdown or if they are right to keep more data in an uncertain environment.

“I am really happy not to have [Powell’s] Job, “Griffin told 'Bullish' podcast. “He has the biggest work without gain in the country because, thanks to the objective of the hindsight, we will always be able to guess every decision he makes.

“Here, at the moment, it is struggling with how are you reducing rates, because the labor market shows it very slightly signs of softening? Or do you hold the course because of the risk of an inflationary peak from the price is increasing?

This story was initially presented on Fortune.com