Renowned US hedge fund manager and Citadel founder and CEO Ken Griffin stated that he expects the Federal Reserve to lower benchmark interest rates once more in 2025, as the central bank shifts its focus to the labor market. Griffin said in an interview on Thursday, "I think they will cut rates one more time, or even twice, this year. The Fed is nervous about the labor market because we are indeed seeing a decline in the number of new jobs being added."

The US labor market is beginning to show signs of weakness, with the unemployment rate rising to 4.3% in August, the highest level since 2021. Federal Reserve Chairman Jerome Powell stated last week that signs of a cooling job market are becoming more evident, at which time the Fed cut the benchmark interest rate by 25 basis points.

Griffin said, "When it comes to the labor market, it's very difficult for us to know exactly what the current situation is. But what we can be sure of is that without an influx of immigrants, US population growth would slow significantly, which would lead to a decline in our ability to create new jobs."

Griffin has consistently advocated for the Federal Reserve to maintain its independence. Earlier this month, Griffin pointed out in a commentary that preserving the Fed's independent structure is in US President Donald Trump's best interests.

Griffin stated, "He wants to lower interest rates, and what I would tell you is, if I were president, I would let the Fed do its job. I would allow the Fed to have as much perceived and actual independence as possible, because the Fed often needs to make some quite difficult choices."

Griffin also opposed Trump's proposal to allow publicly traded companies to report financial results semi-annually instead of quarterly. Griffin said he doesn't understand the benefit of withholding information from the market.

Griffin said, "In this day and age, quarterly reporting is appropriate."