Citadel's Griffin says Fed's first rate cut may come in December

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Beverly Hills - Ken Griffin, Citadel's founder and chief executive, said on Monday that he is unsure when the Federal Reserve may be able to cut interest rates this year, but it may come in December.

"Big picture, we're making the right call by being more hesitant to cut rates," he told the audience. The hedge fund founder, who has donated more than half a billion dollars to Harvard University, said he continues with his decision taken in January to halt donations to the school over how it handled antisemitism on campus.

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