Billionaire CEO Ken Griffin, known for his support of President Trump during the election, is breaking ranks with many in the business world by sounding the alarm on the President’s recent criticisms of the Federal Reserve. Griffin’s decision to speak out adds a notable voice to the ongoing debate surrounding Trump’s public disagreements with the central bank’s monetary policies.

In a statement, Griffin expressed concern over the potential impact of the President’s attacks on the Federal Reserve, stating, “Maintaining the independence of the Federal Reserve is crucial for economic stability and market confidence.” His remarks come at a time when Trump’s public criticisms of the Federal Reserve have raised questions about the institution’s ability to operate free from political influence.

Griffin’s perspective contrasts with the silence observed from many other CEOs in response to Trump’s criticisms of the Federal Reserve. The hedge fund billionaire’s decision to speak out underscores the significance of the issue at hand and the potential implications for the economy and financial markets.

Legal experts note that the Federal Reserve was designed to operate independently to shield monetary policy decisions from political pressure. The current discourse initiated by Trump’s comments has sparked concerns about the institution’s autonomy and its ability to carry out its mandate effectively.

While some industry figures have refrained from commenting on the matter, Griffin’s decision to publicly address the issue highlights the growing unease within certain circles of the business community regarding the potential ramifications of continued attacks on the Federal Reserve. The diverging opinions among prominent figures signal a broader discussion on the role of the central bank in economic policy-making.