Griffin, at an event hosted by the Economic Club of New York, said it made sense for him to sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm in 2022, in a deal that valued the firm at $22 billion.

Read More: Citadel's Griffin Says He Would Be Open to Selling Minority Stake in His Hedge Fund

While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work.

Read More: Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump

“I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism,” the billionaire investor said Thursday at the Economic Club of New York.

Read More: Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism

Griffin, at an event hosted by the Economic Club of New York, said it made sense for him to sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm in 2022, in a deal that valued the firm at $22 billion.

Read More: Citadel’s Ken Griffin open to selling a minority stake in his hedge fund

Speaking on Thursday at the Economic Club of New York, Griffin said that while immigration and inflation were clearly the two biggest problems for voters this election, severe policy responses could hurt the country and the economy.

Read More: Billionaire Citadel founder Ken Griffin's advice for Trump: Don't cut taxes, let ambitious immigrants into the US, and hire Apollo CEO Marc Rowan

"I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," billionaire investor Ken Griffin said at the Economic Club of New York. The Citadel founder said domestic companies could enjoy a short-term benefit of having their competitors taken away.

Read More: Citadel's Ken Griffin says Trump's tariffs could lead to crony capitalism

“We would be open to the possibility of selling a minority stake in Citadel at some point in the future,” he said in an interview with Bloomberg on Thursday at the Economic Club of New York.

Read More: Ken Griffin Open to Citadel Stake Sale, Warns of Tariff Risks

In an interview with Bloomberg on Thursday at the Economic Club of New York, Griffin stated, "We would be open to the possibility of selling a minority stake in Citadel at some point in the future."

Read More: GOP Megadonor Ken Griffin Is 'Open To The Possibility' Of Selling Minority Stake In Citadel

Trump has vowed to loosen restrictions that he says are preventing the construction of new homes. In September, he told an event at the Economic Club of New York that he would "eliminate regulations that drive up housing costs, with the goal of cutting the cost of a new home in half."

Read More: Mortgage rates pose new threat to housing market, frustrating buyers

Citadel founder Ken Griffin said on Thursday that he's "open" to selling a stake in his hedge fund at the Economic Club of New York.

Read More: Citadel founder Ken Griffin said he would be 'open' to selling a stake in his $65 billion hedge fund
 

Griffin, at an event hosted by the Economic Club of New York, said it made sense for him to sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm in 2022, in a deal that valued the firm at $22 billion.

Read More: Citadel founder Ken Griffin says he’s open to selling stake in hedge fund

The billionaire hedge-fund manager said at a Thursday lunch hosted by the Economic Club of New York that he was worried about how Trump would approach problems like tariffs, deficit reduction and immigration policy. Griffin's words carry weight in Republican circles: the roughly $100 million he gave to GOP candidates and causes during the 2024 election cycle made him one of the country's largest political donors.

Read More: Ken Griffin Warns of Potential Risks to Trump's Policies

Griffin, at an event hosted by the Economic Club of New York, said it made sense for him to sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm in 2022, in a deal that valued the firm at $22 billion.

Read More: Citadel's Griffin says he would be open to selling minority stake in his hedge fund

In a talk at the Economic Club of New York back in September, Trump pledged to cut the corporate tax rate to 15% from 21% for companies that make their goods in the U.S., reviving a perk that gave a lower rate to domestic manufacturers that the former president’s TCJA eliminated, The Wall Street Journal reported.

Read More: How Trump 2.0 could revamp tax policy

Trump has repeatedly said that his administration would tame inflation and, therefore, lower interest rates. During a speech at the Economic Club of New York in September he said he'd bring mortgage interest rates down to 3% or lower.

Read More: 4 ways Trump's housing plans are expected to hurt homebuyers and 3 ways they could help

But he's also emerged as a key advisor to Trump. Trump has talked about Scott Bessent a lot in his rallies saying, you know, that, you know, that ‘there's a great guy right there. Scott is fantastic.’ And Bessent also helped Trump write some of his key economic policy speeches in the last few months, particularly one at the Economic Club of New York, which came with a lot of fresh news on what kind of agenda Trump would have going forward.

Read More: Inside Trump’s Treasury Secretary Shortlist

During a speech in September, to the Economic Club of New York, Trump promised to reduce regulations and open swaths of federal land for large-scale housing construction.

Read More: What Trump’s Win Could Mean for Housing

“We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half. We think we can do that,” Trump said in September in remarks at the Economic Club of New York.

Read More: Republicans Take Control of the House, Paving the Way for Trump’s Plans on Housing

Speaking at The Economic Club of New York Tuesday, former Treasury Secretary Larry Summers said that Musk would be lucky to find $200 billion in federal budget cuts since the scope for curbing waste is limited.

Glenn Hubbard, an economist and former dean of Columbia University’s Business School, said it would be very challenging to slash that much spending if interest expenses, entitlement programs and defense were off limits.

On Tuesday, Summers questioned the current Federal Reserve leadership’s focus on interest rate cuts while speaking to an audience at the Economic Club of New York. He said, “My own judgment is that the Fed and markets are still underestimating the overheating risk.”

As if on cue, the latest Consumer Price Index report released by the Bureau of Labor Statistics today showed that inflation jumped back up in October to 2.6 percent, following the Federal Reserve’s second straight rate cut last week.

Read More: Larry Summers Was Right About Inflation in 2021. Now He Warns Trump Policies Could Reignite It.