Ken Griffin says Trump won the elections through the promising low inflation – so he should think “long and difficult” about how to protect the standard of living.

• Ken Griffin argues that while many voters were supported by Donald Trump With the expectation of low inflation and the improvement of living levels, tariff policies that caused Trump risk causing high prices and undermining this goal. He urges Trump to reconsider his foreign policy and warns that re -manufacturing may be cheerful, leading to more pressure on Federal Reserve Chairman Jerome Powell already difficult to manage interest rates amid economic uncertainty.

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

However, two months after Trump’s inauguration, consumer confidence suffers because they are rising in potential prices due to the Trump tariff system.

As a result, the founder of the castle and CEO Trump encouraged “long and difficult” about his strategy in foreign policy to move forward.

“In the end, any effort to force the beach manufacturing in the United States will be inflated,” Griffin told Bloomberg newspaper Podcast In an episode released today.

“There is no doubt about that. What frustrates me is that one of the reasons why Trump won the elections is that the American people had enough inflation.

“They wanted a break from seeing their standard of living deteriorating due to the price of goods and services constantly.”

Since the campaign campaign, when the President began for the first time the customs tariff as a means of rebalancing with the rest of the world, experts were anxious.

Caution has covered American isolation to fear of commercial wars, as well as high prices that are expected to be transferred to consumers.

There is some discussion on how to prove that inflationary customs tariffs – after all, have not yet been made from the acute party of the policy. President Trump’s “Liberation Day” tariff was stopped slightly over a week, and it decreased to 10 % for the period that lasted 90 days.

Likewise, while the customs tariff for countries such as Canada and Mexico – for a short period, 145 % of Chinese imports can now be found – in the additional break from the definitions announced by Treasury Secretary Scott Payette on Monday.

However, even with low customs tariff levels, a 10 % blanket increased over all imports will continue to raise prices.

“I really think the president needs to think for a long time and arduous in … protection[ing] Griffin added that the standard of living of the American people.

A Navigator More than 5,000 voters in November found that the higher reasons that people supported the Republican candidate are that it will reduce inflation and improve the state of the national economy.

Likewise, in the weeks before the elections, aNew York TimesSiena Collegereconnaissance52 % of people found in Trump to lead the economy on the Kamala Harris, which recorded 45 %.

Griffin added that the Americans may not even want the jobs that may open his commercial deficit: “I do not understand why we believe that it is virtue to restore the jobs of America with low manufacturing

“I do not think that the American people are looking for a return to low -wage manufacturing functions in our country. I don’t think they want these jobs.”

Powell’s impossible mission

Griffin, worth $ 43 billion ForbesHe added that the function of the Federal Reserve Chairman, Jerome Powell, is not a job that he will enjoy in the current environment.

Powell was criticized by his economic colleagues and President Trump, and he even suggested that Powell remove his position if he did not cut the basic price.

Opinions are divided on whether Powell and the Federal Open Market Committee should normalize the basic rate to more compensation for any economic slowdown or whether it is right to adhere to more data in an unconfirmed environment.

“I am really happy not to get [Powell’s] “Job”, Griffin said Ascension “ Podcast. “He has the largest job that does not win in the country because through a lens it is too late, we will always be able to guess every decision he makes.

“Here, at the present time, he is struggling with how you can reduce prices as the labor market ever appears signs of softening a little? Or do you hold the cycle due to the risk of a rise in inflation coming from the tariff?

This story was originally shown on Fortune.com