Ken Griffin says Trump won the election promising a lower inflation, so he has to think “long and hard” about how to protect the standard of living of north -Americans

• Ken Griffin argues that while many voters supported Donald Trump With a lower inflation and an improvement in life standards, Trump’s fare policies can lead to prices and harm this goal. He urges Trump to reconsider his foreign policy and warns that the rehabilitation of manufacturing could be inherently inflationary, pressing more about the already difficult role of the President of the Fed, Jerome Powell, in the management of interest rates in the midst of economic uncertainty.

Ken Griffin believes that when voters supported Donald Trump in the Oval Office, one of his main motivations was the belief that he would lower inflation and improve their standard of living.

But a couple of months after Trump’s inauguration, Consumers’ confidence is suffering As the eyes can increase prices due to Trump’s fare regime.

As a result, the Ciutadella founder and CEO has encouraged Trump to think “long and hard” Foreign policy strategy advancing.

“Ultimately, any effort to force the manufacture on the coast in the United States will be inflationary,” Griffin said to Bloomberg podcast In an episode published today.

“There is no doubt about it. And what frustrates me is that one of the reasons why Trump won the election was that the North people -American had had enough inflation.

“They wanted a break to see their standard standard of living for the increasing price of goods and services.”

Since the campaign tour when the president First began to float rates as a way to rebalance trade With the rest of the world economies, experts have been worried.

Its precaution has North -American Isolation Covered Through fear of commercial wars, and also increase prices that would be It is expected to return to consumers.

There is a certain debate on how inflationary rates can be demonstrated, after all, the strongest end of politics has not yet been heard. President Trump’s “Liberation Day” rates stopped a little more than a week later, and reduced to 10% for the temporary 90 days.

Similarly, while the rates to Nations such as Canada and Mexico advanced, and for a brief period, 145% of rise in Chinese imports, some that can be found can be found in the rest of the rates announced by the Treasury Secretary, Scott Bessent, Monday.

However, even with rate levels lowering, a 10% rise in all imports will probably increase prices.

“I really think that the president has to think a lot and hard to … protect (ing) the standard of living of the North -American people,” added Griffin.

A Navigator survey Of more than 5,000 voters in November they found that the main reasons why the people supported the Republican candidate were to reduce inflation and improve the state of the national economy.

Also, during the weeks before the election, toNew York Timesand Siena CollegeballotHe found that 52% of people trusted Trump to lead the economy over Kamala Harris, who scored 45%.

Griffin added that Americans may not even want the jobs to rebalance the commercial deficit: “I do not understand why we think it is a virtue to return to work in America with a little manufacturing. I agree with the President, we need the ability to reduce our manufacturing base to strengthen our national defense.

“I don’t think the American people seek a return to low-skilled manufacturing and casualties in our country. I don’t think they want these jobs.”

Powell’s impossible task

GRIFFIN, worth $ 43 billion according to Forbiddenadded the work of Fed President Jerome Powell Enjoy the current environment.

Powell has been directly criticized by colleagues Economists and President Trump, who even suggested that he would eliminate Powell from his place if he did not reduce the base rate.

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

“I am very happy not to have a job (Powell),” said Griffin ‘Bullish’ Podcast. “He has the biggest job he does not earn in the country because, through later light, we can always excite every decision he makes.

“Right here, right now, it is implemented how the rates are reduced as the labor market is so slightly softening? Or keep the course due to the risk of an inflationary spike that comes from the rates increases? Will it have to make this decision based on evolving policies over the weeks that soon, it is a really hard situation it has.”

This story originally presented to Fortune.com

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