Citadel founder Ken Griffin expects the Federal Reserve to cut rates once more in 2025, possibly twice at most, as policymakers turn their focus to the labor market.
He told CNBC the Fed is concerned about weakening job creation, with unemployment rising to 4.3% in August — the highest since 2021.
Griffin said uncertainty remains over the labor market’s exact position, noting slower U.S. population growth without immigration could constrain future job creation.
He reiterated his support for Fed independence, arguing in a Wall Street Journal op-ed that President Trump should protect the central bank’s autonomy even while seeking lower rates.
