‘Fed needs 4% inflation to avoid recession’

Fed needs 4% inflation to avoid recession

WASHINGTON: Citadel founder Ken Griffin says the Federal Reserve (Fed) will be able to ease off monetary tightening if inflation drops to 4% by year-end.

That “will give the Fed much more latitude in policy,” Griffin said in a wide-ranging interview with Bloomberg’s Erik Schatzker at the Milken Global Conference in Beverly Hills.