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Hedge fund billionaire Ken Griffin and Anil Kashyap warn in a Wall Street Journal op-ed that President Trump's attacks on the Federal Reserve's independence are risky. They argue that undermining the Fed could lead to higher inflation and long-term interest rates, potentially harming retirees and impacting the midterms. The authors cite historical examples of similar pressures backfiring, such as the Nixon-era inflation. While many CEOs remain silent, Griffin's public criticism is a notable exception, especially given his past support for Trump. They contend that an independent Fed is crucial for maintaining economic stability and credibility.

Prepared by Christopher Adams and reviewed by editorial team.