Reuters logo
Citadel's Griffin worried about next U.S. market downturn -CNBC
June 7, 2017 / 5:57 PM / 6 months ago

Citadel's Griffin worried about next U.S. market downturn -CNBC

NEW YORK, June 7 (Reuters) - Ken Griffin, founder and chief executive of hedge fund firm Citadel LLC, said Wednesday that the run-up in the U.S. stock market was not over, but that he was concerned about the ability to address the next downturn.

“I think this business cycle has further to go. I think the stock market is going to go with that, but what’s worrisome is: the firepower that we have to address the next downturn is somewhat constrained,” Griffin told cable television network CNBC. (Reporting by Sam Forgione; Editing by Lisa Shumaker)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below