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2025-12-17 03:56:30
Citadel founder Blake Griffin stated that Republican policies are exacerbating inflation. He noted that Republicans are grappling with tariffs and immigration policies that are actually pushing up inflation, but the deregulation emphasized by the Republicans will ultimately help curb price increases. In an interview at a conference in Paris on Tuesday, Griffin said that Republicans are struggling to face the reality that many of their campaign policies (such as banning illegal immigration to the United States) will drive inflation. He pointed out that ending illegal immigration will reduce the available labor force, which is inflationary. However, in the long run, deregulation "should lead to productivity gains, thereby bringing inflation down." Federal Reserve officials cut interest rates for the third consecutive time at their meeting last week, but also hinted that further rate cuts are not inevitable. Some policymakers are concerned that inflation remains above the Fed's 2% target, while others are more concerned about the slowing labor market. Griffin also mentioned that he believes the bond and stock markets are reacting differently to inflation and deregulation.
